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Old 28 Jun 2012, 09:49 (Ref:3099326)   #1
Mixer
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FPV to become 100% Ford owned?

So, unsubstantiated and denied by Ford itself, rumours continue to swirl that on the back of the recent firings at FPV, that Prodrive itself has bailed out of the venture, with Ford taking 100% ownership on July 1, resulting in the ultimate closure of the FPV facility...

A carefully worded statement by Ford PR was issued, emphasis is mine:

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PerformanceDrive spoke with FPV media manager Vicky DeGeorge to get to the bottom of, what would be, a very drastic move. She said the rumour is incorrect, saying that no announcements whatsoever had been made on the matter. She said further confirmation and details from FPV boss Bryan Mears would be handed to us by Monday.
The trigger is rumoured to be the $40m spent on the Supercharged Coyote engine, and a lack of sales to show for it.

Various rumours abound, from a business-as-usual approach with FPV vehicles produced on the Ford production lines, to total cessation of V8 vehicle sales and the ultimate demise of the Falcon in 2016. Nothing so far has been said about what any of this this means for FPR, should any or all of it be true.

I think its clear that _something_ is going to be announced, what it is however is unclear. Given the market conditions and recent broom sweep through the department I can't think that it will be good news.
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Old 28 Jun 2012, 11:44 (Ref:3099376)   #2
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Make this what you will; when there is life there is hope: http://news.drive.com.au/drive/motor...628-214ow.html
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Old 28 Jun 2012, 14:05 (Ref:3099433)   #3
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Thought a manufacturer can't own 100%?
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Old 28 Jun 2012, 14:11 (Ref:3099435)   #4
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Thought a manufacturer can't own 100%?
This is only FPV, not FPR
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Old 4 Jul 2012, 10:31 (Ref:3101789)   #5
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This is only FPV, not FPR
Ok, thanks
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