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Chinese automaker Geely is Ford's preferred bidder to purchase Volvo. Ford CFO Lewis Booth, as you'll see below, is particularly excited about the prospects and not at all worried about the possibility for General Tso-flavored Swedish meatballs. More »
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Looks like current Ford CFO Don "Cream-filled French pastry" LeClair will step aside November 1st. Taking the spreadsheet and ledger helm, along with Executive Vice President, for Ford will be none other than Lewis Booth, the current head of Ford Europe. I've known Booth for a number of years (his daughter and I graduated high school together) and can't think of a better person to bring some good ol' fashioned old world pain to the books of an automaker that's seen it's share price plummet to levels lower than a gallon of gas. Full press release after the jump. More »
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We're on the conference call right now where we're being told FoMoCo will be selling Aston Martin for just over $925 million to a consortium composed of ProDrive's David Richards, John Sinders, Investment Dar and Kuwaiti investment entity Adeem Investment Co. But even after the sale, which is expected to close in the second quarter, Lewis Booth, the President of Ford Europe and PAG claims there will be "a continued relationship between Ford and Aston Martin." Despite that remark by Booth, and other than the comment on the Aston release of "as part of the transaction, Ford will retain a 40 million ($77 million) investment in Aston Martin," there are no further details as of yet on what that means. Full press release below the jump. – Ray Wert More »
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