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Breaking: Mack Breaks Free!


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It's an hour past midnight in Sweden, and the Volvo board meeting is just breaking up. This PR just came across the wire:

Embargoed until April 1st, 2013

Goatburg, Sweden: Today Mack Family Investment Trust, LLC announces the repurchase for the sum of one Swedish Kroner of Mack Trucks from Volvo Trucks AB. Effective immediately, the Mack family will retake control of all Mack plants and assets and production of Mack components and trucks will continue apace. All Volvo signage, etc. is to be disposed of at the earliest opportunity.

We will share more details of this exciting historic development at an April 1st celebration at the Mack Museum tomorrow.

The backstory: Remember how Volvo forgot to trademark the "Stirling" name and let Daimler make off with it? That was just the tip of the iceberg in Goatburg- some Wall Street wiz kids at Volvo did a "leaseback" of Mack's plants, not realizing that they were selling the plants to and leasing them back from a front company for the Mack family. The lease ran out the first of the year and the family increased the rents but Volvo kept paying the previous amount, thus the eviction. Thoroughly embarrassed, Volvo Trucks was forced to surrender Mack back into the able custody of the Mack family.

- 30 -

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Yeah.......ok

"Any Society that would give up a little LIBERTY to gain a little SECURITY will Deserve Neither and LOSE BOTH" -Benjamin Franklin

"If your gonna be STUPID, you gotta be TOUGH"

"You cant always get what you want, but if you try sometimes you get what you need"

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Please be true, please be true... We need kscarbell to chime in on this one.

WHY?

"Any Society that would give up a little LIBERTY to gain a little SECURITY will Deserve Neither and LOSE BOTH" -Benjamin Franklin

"If your gonna be STUPID, you gotta be TOUGH"

"You cant always get what you want, but if you try sometimes you get what you need"

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BTW, kscarbell could probably spend some light on this, but Scania's engine designs would be ideal candidates to replace Volvo's troublesome engines.

I couldn't agree more. Mack Trucks and Scania had a decades long history of cooperation, from 1950. Why do you think the early Scania and Mack V-8s have the same displacement? It would make perfect sense for Mack and Scania to work together once again on drivetrain development, mutually benefiting from economy of scale.

It could even be a catalyst for Scania to successfully pull away from Volkswagen, ridding this impressive truckmaker of their German headache.

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It's an hour past midnight in Sweden, and the Volvo board meeting is just breaking up. This PR just came across the wire:Embargoed until April 1st, 2013Goatburg, Sweden: Today Mack Family Investment Trust, LLC announces the repurchase for the sum of one Swedish Kroner of Mack Trucks from Volvo Trucks AB. Effective immediately, the Mack family will retake control of all Mack plants and assets and production of Mack components and trucks will continue apace. All Volvo signage, etc. is to be disposed of at the earliest opportunity.We will share more details of this exciting historic development at an April 1st celebration at the Mack Museum tomorrow.The backstory: Remember how Volvo forgot to trademark the "Stirling" name and let Daimler make off with it? That was just the tip of the iceberg in Goatburg- some Wall Street wiz kids at Volvo did a "leaseback" of Mack's plants, not realizing that they were selling the plants to and leasing them back from a front company for the Mack family. The lease ran out the first of the year and the family increased the rents but Volvo kept paying the previous amount, thus the eviction. Thoroughly embarrassed, Volvo Trucks was forced to surrender Mack back into the able custody of the Mack family.- 30 -

is this shit true or what, not cool if not!!
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Could be true, I saw on Bloomberg News that Volvo just bought G.M. for 2 cups of Swiss Miss Cocoa

"OPERTUNITY IS MISSED BY MOST PEOPLE BECAUSE IT IS DRESSED IN OVERALLS AND LOOKS LIKE WORK"  Thomas Edison

 “Life’s journey is not to arrive at the grave safely, in a well preserved body, but rather to skid in sideways, totally worn out, shouting ‘Holy shit, what a ride!’

P.T.CHESHIRE

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