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 DETROIT (AP) - Robert Rubin's resignation from the Ford Motor Co. board could mean that Citigroup Inc., where he also serves on the board, plans to talk to Ford about a loan or about advising the struggling automaker on the possible sale of its credit arm, some industry analysts say.
Rubin, a former U.S. treasury secretary, resigned from Ford's board on Thursday, citing potential conflict of interest with his duties at Citigroup, the nation's biggest financial institution. Rubin also is chairman of Citigroup's executive committee and is a member of the chairman's office.
Some analysts said the move announced Friday may be a sign that the Ford family will need financing for an alliance with another company or to take the automaker private. Another analyst said Citigroup may also advise Ford or someone else on the possible sale of the Ford credit arm.
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