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+--- Thread: Ford Exploring Possible Sale Of Apco (/showthread.php?tid=7868)
Ford Exploring Possible Sale Of Apco - Frost__2001 - 10-12-2006
Ford exploring possible sale of APCO
October 12, 2006
Dearborn, Michigan - The Ford Motor Company has announced it may sell its Automobile Protection Corporation (APCO), a wholly-owned subsidiary that offers vehicle service contracts and related aftermarket products to dealers of all makes and models.
"APCO is a strong company that has performed very well, achieving growth in sales and revenue since its acquisition," says Don Leclair, Ford Motor Company Executive Vice President and CFO. "As a result of our ongoing strategic review, we believe it is prudent now for us to consider a sale of APCO."
Ford Exploring Possible Sale Of Apco - habmann - 10-12-2006
Well of course why would Ford want to own a company thats profitable. That would just make way too much sense.