Geely Automobile, whose shares have soared as a result of its parent's bid for Ford's Volvo unit, could win a valuable brand if the bid succeeds, but it could take years to see profits from Volvo.
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Geely Automobile, whose shares have soared as a result of its parent's bid for Ford Motor Co.'s Volvo unit, could win a valuable brand if the bid succeeds, but it could take years to see profits from the money-losing Swedish carmaker.
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In News Brake: Mopar uncorks several more custom rides, which you can build from the catalog; Ford prefers Geely for Volvo, and we take the 2010 Subaru Outback for a spin . . . But Wait, There's More!
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Chinese brand on the brink of snapping up struggling Swedish manufacturer
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Chinese automaker Geely Group Holding Co. is Ford Motor Co.'s preferred bidder to purchase Volvo Car Corp.
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Chinese automaker Geely is Ford's preferred bidder to purchase Volvo. "Ford believes Geely has the potential to be a responsible future owner of Volvo," Ford Chief Financial Officer Lewis Booth said in a statement.
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China's Zhejiang Geely Group Holding Co. is Ford's preferred bidder to purchase Volvo. "Ford believes Geely has the potential to be a responsible future owner of Volvo," Ford Chief Financial Officer Lewis Booth said in a statement.
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Chinese automaker Geely is Ford's preferred bidder to purchase Volvo. "Ford believes Geely has the potential to be a responsible future owner of Volvo," Ford Chief Financial Officer Lewis Booth said in a statement.
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Ford announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.
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Ford Motor Company [NYSE: F] announced today that a consortium led by Zhejiang Geely Group Holding Co. Ltd. is its preferred bidder in the ongoing discussions concerning the possible sale of Volvo Car Corporation.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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Morgan Stanley cut Renault by two notches to its lowest rating, citing pressures from AvtoVAZ, a downside risk to Volvo trucks and a delay in resumption of dividend payment by Nissan. Renault shares fell as much as 5 percent.
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Fans can enter sweepstakes for a chance to win tickets to the premiere of The Twilight Saga: New Moon, and can play for a chance to win a shiny new Volvo XC60.
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Turkish artist Esref Armagan is renowned throughout the world for his unique feel for perspective and shape. He was the very first non-employee to be invited to Volvo Car Corporation headquarters in Sweden to see and paint the yet-to-be-revealed next generation Volvo S60. Although the car will not be launched until 2010, Volvo Cars is already revealing his interpretation on the social media site Facebook.
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Fresh from their global unveiling at the recent Frankfurt Motor Show, the new 2011 Volvo C30 and C70 are making their North American premier at the 39th annual South Florida International Auto Show today. The cars are set to arrive in Volvo retailers during the first quarter of 2010.
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A new EU project SARTRE is being launched to develop and test technology for vehicles that can drive themselves in long road trains on motorways. This technology has the potential to improve traffic flow and journey times, offer greater comfort to drivers, reduce accidents, and improve fuel consumption and hence lower CO2 emissions.
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World No. 2 two truckmaker AB Volvo posted a smaller-than-expected third-quarter operating loss thanks to sweeping cost cuts and stood by its outlook of sharp declines in its main markets.
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Talks over the future of Volvo have stalled between owner Ford and suitor Geely Holdings, according to reports.
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Geely Holding's attempt to buy Volvo Car Corp. is in danger of stalling over disagreements about intellectual property rights, a source said on Wednesday.
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Anna-Maria Saméus, product manager at Volvo Cars, has been selected as Technological Woman of the Year 2009. She was given the award for her ability to combine technology and business-mindedness in an international environment, using leadership as a tool. The award is given by defence and security company Saab.
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