Ford says it is cautiously open to partnerships

Ford is on the move and in the middle of a major comeback and a major partnership does not look to be part of the plan. After unloading the failed Premier Automotive Group that sucked the life out of that company for the past 15 years or so you can see why Bill Ford is skeptical. I say keep rebuilding the Ford brand globally and if they succeed at home it will most likely put them in a position to keep growing and making money elsewhere.


LAGUNA NIGUEL, California (Reuters) — Ford Motor Co is open to partnerships in green car technology but will be cautious in committing to any alliance, Executive Chairman Bill Ford Jr. said.

Ford is treading carefully on tie-ups after global rivals Renault, Nissan and Daimler announced a deal last week that will see them swap stakes and on electric cars, passenger cars and light commercial vehicles.

“We are always open to it but I think we will be careful before we jump,” Bill Ford said in an interview Monday on the sidelines of Fortune Brainstorm Green conference.

“You always go into the joint venture with the premise that you will save money and save manpower, and our experience often has been that it does neither.”

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