Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S.
Full story...
According to the agreement signed in March 2010, the total purchase price for Volvo and related assets is $1.8 billion, including a $200 million note and the balance in cash. Geely signs the largest overseas acquisition of any Chinese automaker so far.
Full story...
Volvo's success after its sale to Zhejiang Geely Holding Co. will hinge on building a manufacturing plant in China, the Swedish carmaker's CEO said.
Full story...
Volvo's success after its sale to Zhejiang Geely Holding Co. will hinge on building a manufacturing plant in China, the Swedish carmaker's CEO said.
Full story...
China's Ministry of Commerce said it has approved Zhejiang Geely Holding Group Co.'s purchase of Ford Motor Co.'s Volvo car unit, paving the way for completion of the $1.8 billion acquisition agreed by the two companies in March.
Full story...
Ford plans to complete its sale of Volvo Car Corp. to China's Geely next week, finishing the U.S. automaker's exit from European luxury brands. Ford is selling Volvo to Geely for $1.
Full story...
Ford is selling Volvo to Geely for $1.8 billion, less than one-third of what it paid for the Swedish automaker in 1999.
Full story...
Volvo XC90s for model years 2004 and 2005 are being investigated by U.S. safety regulators for electronics defects in components such as headlights and turn signals, which may raise the risk of a crash.
Full story...
Geely founder and chairman Li Shufu succeeded in China by marketing "the world's cheapest car" to an emerging middle class in the country's inland cities. But his Geely model was mercilessly panned in America in 2007.
Full story...
Geely founder and chairman Li Shufu succeeded in China by marketing "the world's cheapest car" to an emerging middle class in the country's inland cities. But his Geely model was mercilessly panned in America in 2007.
Full story...
Geely founder and chairman Li Shufu succeeded in China by marketing "the world's cheapest car" to an emerging middle class in the country's inland cities. But his Geely model was mercilessly panned in America in 2007.
Full story...
Toronto, Ontario - Volvo Cars of Canada Corp., (VCCC) announced the start of its upcoming Naughty Volvo Tour to launch the All-New 2011 Volvo S60. The Naughty Volvo Tour will stop at three cities across Canada, starting in Montreal, QC, July 22 and 23, opening in Toronto, ON, July 26 to 28, and simultaneously in Vancouver, B.C., July 26 and 27.
Full story...
Zhejiang Geely Holding Group Co. has announced the top positions in the new board of directors Volvo Car Corporation pending completion of the acquisition of the company from Ford - which is 'anticipated to be completed within Q3 2010'.
Full story...
Farley will become the company's first head of global marketing, sales and service as part of several senior management moves announced today. Ford also named Volvo Car Corp.
Full story...
Volvo CEO Stephen Odell will become Ford of Europe CEO, succeeding John Fleming, 58, who remains global manufacturing chief.
Full story...
Volvo CEO Stephen Odell will become CEO at Ford of Europe as part of sweeping changes at both automakers that will coincide with Ford's pending sale of Volvo to China's Zhejiang Geely Holding, the automakers announced today.
Full story...
Volvo Car Corp. CEO Stephen Odell will become CEO at Ford of Europe as part of sweeping changes at both automakers that will coincide with Ford's pending sale of Volvo to China's Zhejiang Geely Holding Group Ltd., the automakers announced today.
Full story...
Record-breaking automotive pioneer Irv Gordon turns 70 today. And to celebrate, the driver of the highest mileage vehicle on the road, a 1966 Volvo P1800, he aims to reach the unmatchable record of 3 millions miles sometime in the next three years!
Full story...
The British have never had the weather, the space or the car culture necessary for drive-in movies. But they've all seen "Grease," and the romance of the drive-in is firmly implanted in the popular psyche.
Full story...
'Starlite' promotion allows urbanites to soak up American car culture under the city lights
Full story...
The latest auto news, reviews, prices, product and vehicle releases.