Ford says that the depressed Brazilian market has sparked into life following an infusion of government credit.
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Ford says that the depressed Brazilian market has sparked into life following an infusion of government credit.
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Volvo Car Corp.'s 2008 global sales will be its lowest since 1996. The Swedish brand, currently owned by Ford Motor Co., expects its 2008 global sales will be about 380,000 vehicles, according to Volvo spokeswoman Maria Bohlin.
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A Chinese business daily misquoted a local automaker executive as saying it had held talks with Ford about acquiring Volvo, it was claimed on Wednesday.
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Speculation is mounting in India that the Mahindra brothers could make a bid for Ford's up-for-sale Volvo Car unit.
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Ford Motor said on Wednesday it was still evaluating an option to sell its Volvo car unit but declined to comment on a local media report which named its China partner Changan Automobile Group as a potential buyer.
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Ford Motor Co. , shedding assets to raise cash, is in talks to sell its Volvo car business to China partner Changan Automobile Group, the National Business Daily reported Tuesday.
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Ford and China's Changan Automobile Group have not talked about selling Volvo Car to the Chinese automaker though Ford executives met with Changan officials to inform them "as a courtesy" that Ford was looking for a Volvo buyer, a person "familiar the with the situation" told the Wall Street Journal Asia.
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U.S. automaker Ford Motor said on Monday it would suspend production at its Russian plant for one month, as the global financial crisis slashes demand for cars.
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Ford Motor is in talks to sell its Volvo car business to its China partner Changan Automobile Group, the National Business Daily reported on Tuesday, citing an unnamed source at the Chinese company.
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After Congress told the Detroit 3 CEOs to get back on their private jets and come back with a detailed plan the next time they came asking for a $25 billion loan, it was abundantly clear that GM, Ford and Chrysler had all terribly missed the mark...
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BMW's Mini production plant in Oxford is to stop production for an extra three days in January.
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Ford has said that it will halt production at its St Petersburg, Russia, plant from December 24 to January 21 due to market conditions.
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Blue oval reveals new 'Kinetic Edge' design at this year's Detroit Motor Show.
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Swedes once reveled in the independence of their two national carmakers and#x2014; small but highly profitable luxury brands competing in a world of giants. Volvo Car Corp. and Saab are now money-losing wards of Ford Motor Co.
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Against a backdrop of plunging fuel prices, Ford is restoring two shifts and overtime production of its re-engineered 2009 F-150 pickup. With gasoline under $2 a gallon, demand for Ford's big pickup is up.
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Here's a big challenge for Ford Motor Co. as it seeks federal aid: Avoid the stench of death that surrounds crosstown rivals General Motors and Chrysler LLC. Ford is losing billions of dollars, and its sales have plunged nearly 21 percent this year.
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As Ford Motor and General Motors consider selling their Swedish brands, Volvo's long-term future seems brighter than Saab's.
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