Ford Motor Co. has announced a series of concessions for its debtholders that seeks to swap company stock and cash to reduce as much as $10.4 billion in debt.
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Ford Motor Co. and Ford Motor Credit Co. today offered a combination of cash and stock to holders of its bonds and unsecured debt in an effort to reduce as much as $10.4 billion in long-term debt.
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Geely Automobile Group has no intention of acquiring Volvo Car Corp., says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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Geely Automobile Group has no intention of acquiring Volvo, says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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Geely Automobile Group has no intention of acquiring Volvo Car Corp., says Geely spokesman Wang Ziliang. Wang was responding to widespread reports that Geely, a small but ambitious private automaker, was in talks to buy Volvo from Ford Motor Co.
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Renault claims it will be the only car manufacturer in the world with an affordable range of electric vehicles by 2012, and it's not lost on the company that the launch timing coincides with the London Olympics. There has been speculation recently that the company may use the games to unveil its environmentally friendly models to the world and this has not been ruled out.
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Problems at General Motors-owned Saab could affect Ford-owned Volvo Car if component sub-suppliers shared by the two Swedish rivals ran into difficulties.
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The Lincoln MKS sedan hasn't been on the market all that long, but Ford Motor Co. designers are locking down a freshening, likely for the 2011 model year.
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General Motors expects to build about 34% fewer vehicles in North America in the second quarter than it did a year previously while Ford output will be off 38%.
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With Focus RS production cars beginning to roll off the line last month at Fords Saarlouis plant in Germany, the Blue Oval is using the Geneva motor show to officially debut the final production version of its new hot hatchback.
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Ford, Toyota and General Motors sales plunged more than 39 percent last month in what early reports indicated was the weakest February sales performance in at least 34 years.
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The woes of General Motors-owned Saab could spell trouble for Volvo Car Corp., owned by Ford Motor Co., if suppliers shared by the two Swedish rivals ran into difficulties.
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Ford, Toyota and General Motors sales plunged more than 39 percent last month in what early reports indicated was the weakest February sales performance in at least 34 years. GM, which is staying afloat with U.S. loans, dropped 53.1 percent.
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Ford Motor Co.'s U.S. sales dropped 48.5 percent last month and Toyota fell 39.8 percent as the industry braced for what may be the weakest February sales total in at least 34 years.
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Ford Motor Co.'s U.S. light-vehicle sales dropped 48.5 percent last month as the industry braced for what analysts expect to be the lowest February sales total in at least 34 percent. Volkswagen said its VW-brand sales fell 17.5 percent.
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February sales for each of the top six U.S. automakers plunged more than 37 percent in February. General Motors had the largest year-to-year decline among the biggest companies, 53.1 percent. Ford Motor Co. was next-worst at 49.
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Ford Europe is continuing to eye production capacity and costs, a top executive has said.
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Ford's Iosis Max concept car previews the next stage of the carmaker's design language, which will appear on the new Focus due in 2010.
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Ford's iosis Max concept, unveiled at the Geneva motor show, previews a multi-purpose vehicle that could find its way to North America. The concept also offered a foretaste of the company's new global design language.
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