Volvo is remaining tight-lipped surrounding speculation that Zhejiang Geely Holding could complete its purchase of the Swedish automaker from Ford today (2August).
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The new S60 might be a Swedish car, but it has a tartan touch. It is the most dynamic Volvo ever thanks to the involvement of one the brand's Scottish dealers.
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U.S. auto sales probably rose to the highest level of 2010 last month as model-year closeout deals drew consumers back to showrooms. Industrywide deliveries, which are released Tuesday, may reach an annualized rate of 11.
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U.S. auto sales probably rose to the highest level of 2010 last month as model-year closeout deals drew consumers back to showrooms. Industrywide deliveries, which are released Tuesday, may reach an annualized rate of 11.
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Italy's new car sales fell 25.97 percent year-on-year in July, and Fiat's market share slipped below its target at 29.09 percent.
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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.
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Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Geely named Stefan Jacoby, CEO of Volkswagen Group of America, to be the new CEO of Volvo Cars.
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Ford Motor Co., long known for pickups and SUVs, will emphasize cars, crossovers and fuel-efficient engines in the next few years. The company wants to be the fuel economy leader, and federal mpg standards are rising.
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Roger Penske is known for hefty investments in luxury and import dealerships. But the head of the nation's second-largest auto retailer says he has spotted a new opportunity: domestic franchises. Other big groups already are on the offensive.
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So how does the car business cope with the loss of nearly 6 million annual sales in the space of three years? It reinvents itself -- top to bottom.
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It's not just the weather that attracts startup manufacturers of alternative-fuel vehicles to California. The state's Zero Emission Vehicle program has created a marketplace for credits earned by selling electric and other low-emission vehicles.
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So is the redesigned 2011 Ford Explorer an SUV or a crossover? As automakers move away from traditional SUVs, they are creating different formulas. Some are closer to SUVs, such as the redesigned 2011 Jeep Grand Cherokee.
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The proliferation of alternative-vehicle startups poses difficult questions to suppliers.
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AvtoVaz shareholders have valued Russia's biggest carmaker at $2.4 billion (74.4 billion rubles) before its additional share issue planned for the end of this year, a company shareholder said.
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The little boy inside me is still alive and well. When I'm not doing crazy rides at the amusement park, I like to drive a car that's just as thrilling and smile-inducing. The 2010
Mazdaspeed3 definitely fits that bill.
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In the eyes of the foreign language media, Michael Schumacher was the bad-boy of Sunday's Hungarian grand prix.
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The Williams Formula 1 team could be looking to get involved with the premier German touring car championship DTM.
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John Martin (Beijing Guoan) netted E100,000 ($200,000) by winning the five-lap dash-for-the-cash Super Final in round 7 of Superleague Formula by Sonangol at Brands Hatch, while the title fight swung back in favour of Yelmer Buurman (AC Milan).
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The FIA is set to ramp up its front wing flexibility tests amid the current controversy about the Red Bull and Ferrari cars.
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Abarth reflects the high performance brand's direct connection with competition. This competition's link is taken to a new level with the Abarth 695 Tributo Ferrari. The car's livery is inspired by Ferrari's models, an exclusive style of the Abarth 500.
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