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  3. As Ford Motor’s board of directors gathered rd hold its quarterly meeting Thursday, speculation was growing that the world’s No.

As Ford Motor’s board of directors gathered rd hold its quarterly meeting Thursday, speculation was growing that the world’s No.

admin2009-09-12  51
问题 As Ford Motor’s board of directors gathered rd hold its quarterly meeting Thursday, speculation was growing that the world’s No. 2 automaker was prepared to acquire the automotive operations of Sweden’s Volvo. Merger (合并) speculation that has been widespread throughout the industry for months has focused on a possible Volvo-Ford linkup since a report last week that Volvo had hired a Wall Street investment bank m explore a possible sale.
Ford’s board meeting was to be held in Dearborn, the Detroit suburb where Ford is headquartered. Chief spokesman Vaughn Koshkarian declined to comment on the agen0a or the Volvo rumors. President Jac Nasser, speaking at an industry conference Tuesday night, also declined to say where Ford was negotiating with Volvo. But Nasser again said Ford was open to using its more than $20billion cash reserve to expand the company’s global reach.
Last year’s acquisition of Chrysler by Daimler-Benz led to a panic of talks among automakers looking to strengthen their position in an industry beset (困扰) with too much production capacity worldwide. The conventional wisdom is that smaller automakers will be ill-equipped to compete in the 21st century as the industry becomes dominated by several international automakers.
Volvo, one of the world’s smaller automakers, produces less than 500,000 vehicles annually. Last year it sold 100,227 cars in the United States, one of its largest markets. Ford reportedly has been courting Nissan Motor which is in debt as well, and turned down an offer last month for a 20% share in the Japanese automaker. Ford also lost in bidding late last year for financially troubled Kia Motors of Korea.
Analysts (分析家) say Ford and Volvo arc a better fit. "The Volvo thing is more practical than anything else," said analyst David Healy of Burnham Securities. "Ford, which is becoming good at cost-effectively developing a variety of very different cars with the same basic chassis (底盘) and major parts, could help Volvo expand its product line," Girsky said. "If you could bring a premium price," he said, "Ford has similarly expanded Jaguar’s vehicle line since it bought the British Luxury automaker in 1989."
Girsky, however, does not expect Ford to overbid for Volvo. "They had every opportunity in the world to buy Kia Motors and they walked away from it because the price got too high," he said. "I don’t think Ford needs Volvo; it would be nice to have Volvo, but only at the right price."
选项 A、the Thursday board meeting of Ford Motor
B、a report about Volvo’s exploration of a sale
C、the unfriendly relationship between Ford and Volvo
D、the stock changes in Wall Street investment bank
答案B
解析 由题干中的The widespread concern over the possible merger定位到首段末句Merger speculation that has been widespread throughout the industry for months has focused on a possible Volvo-Ford linkup...[精析] 细节辨认题[考频：33]。该句说“自从上周的一个报道说沃尔沃雇佣华尔街投资银行寻找可能的出售机会时起，业内便开始广为流传沃尔沃可能和福特联姻”。由此推知，对可能并购的广泛关注是由关于沃尔沃寻求卖出机会的报道造成的。故B)“关于沃尔沃寻求卖出机会的报道”正确。[避错] 该会议与对可能合并的广泛关注并没有直接的联系，不能构成原因，故排除A)；C)“福特和沃尔沃之间不友好的关系”在原文并没有提及，排除，原文虽提及华尔街投资银行，但未提及其股市的变化，而是沃尔沃在向其寻求出售帮助，故也排除D)。
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