China's Geely Automobile Holdings is among fewer than five bidders remaining for Ford Motor's Volvo brand, two sources familiar with the matter told Reuters.
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A new owner of Volvo could be announced by the end of June as owner Ford Motor runs due diligence on the remaining bidders, two sources familiar with the matter have told Reuters.
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A new owner of Volvo could be announced by the end of June as owner Ford Motor runs due diligence on the remaining bidders, two sources familiar with the matter have told Reuters.
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A new owner of Volvo could be announced by the end of June as owner Ford Motor runs due diligence on the remaining bidders, two sources familiar with the matter have told Reuters.
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China's Geely Automobile Holdings is among fewer than five bidders remaining for Ford Motor's Volvo brand, two sources familiar with the matter told Reuters.
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In his role as Ford's Director of product programs for Asia Pacific and Africa (APA), Ian Constance is responsible for all aspects of Ford vehicle product development, from strategy and planning through design and engineering to launch in the region's markets. Based in Bangkok, Constance works closely with Ford's regional product development centres, as well as partner operations within Ford's global organisation. On behalf of Lotus Engineering's e-magazine, proActive, just-auto's editor Dave Leggett recently caught up with him.
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In his role as Ford's Director of product programs for Asia Pacific and Africa (APA), Ian Constance is responsible for all aspects of Ford vehicle product development, from strategy and planning through design and engineering to launch in the region's markets. Based in Bangkok, Constance works closely with Ford's regional product development centres, as well as partner operations within Ford's global organisation. On behalf of Lotus Engineering's e-magazine, proActive, just-auto's editor Dave Leggett recently caught up with him.
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General Motors has reported a first quarter net loss of $6.0bn - its seventh quarterly loss in a row - saying the results "reflect continuation of the global economic downturn and lower industry-wide sales volume".
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General Motors posted a $6 billion net loss and burned through $10.2 billion in the first quarter as it relied on a federal bailout to ride out a decline in global sales that overwhelmed cost-cutting efforts.
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General Motors, facing a June 1 U.S. restructuring deadline to avoid bankruptcy, posted its seventh straight quarterly loss in the first quarter as its global auto sales fell 28 percent. The company said it burned through $10.
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Magna International has so far presented a more concrete proposal on General Motors unit Opel to the German carmaker than Fiat, Opel Supervisory Board member Armin Schild told Reuters.
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Spain has not done enough to spark demand in its depressed auto sector and should immediately offer consumers direct financial assistance, Citroen Managing Director Jean-Marc Gales said Thursday.
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Spain has not done enough to spark demand in its depressed auto sector and should immediately offer consumers direct financial assistance, Citroen Managing Director Jean-Marc Gales said Thursday.
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Canadian parts maker and contract vehicle assembler Magna International has posted an operating loss of US$250m for the first quarter of 2009, down from a $286m profit a year ago, and suspended its quarterly dividend payment.
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The management boards of Volkswagen AG and Porsche Automobil Holding SE have agreed to create an "integrated car manufacturing group".
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New electric MPV lights the way for Renault's clean, green future.
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In the second instalment of our exclusive report from JD Power's Automotive Forecasting conference held in London last week, Dave Leggett hears JD Power's latest assessment of prospects for vehicle sales and production in North America.
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The British government has said negotiations with Jaguar Land Rover (JLR) on guaranteeing financing are continuing despite reports that the talks were in trouble.
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New-car registrations in Britain fell 24 percent in April to 133,475 units, the Society of Motor Manufacturers and Traders said on Thursday, but it expressed optimism that a brighter future awaits.
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New-car registrations in Britain fell 24 percent in April to 133,475 units, the Society of Motor Manufacturers and Traders said on Thursday, but it expressed optimism that a brighter future awaits.
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