Volvo can use the economic crisis to win customers from German premium brands, Chief Operating Officer Steven Armstrong said.
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Ford has told Volvo employees it has had "preliminary discussions with a number of interested parties" over the possible sale of the Swedish auto unit, a Ford spokesman confirmed on Thursday.
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Sales of heavy trucks in Europe are set to drop 40 percent in 2009 according to Volvo chief executive Leif Johansson.
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The Chinese have the most interest--and Western companies apparently have none--in Volvo, the British publication Autocar reports.
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Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford Motor Co. has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Ford has moved a step closer to a sale of its loss-making Swedish brand Volvo, opening detailed discussions with potential buyers, it said in a message to Volvo employees today.
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Volvo Trucks has said that deliveries in February declined to 4,512 units, a drop of 49% on the same month last year.
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China's Chery Automobile Co. remains interested in buying a foreign car brand such as Ford Motor Co.'s Volvo but refuses to get into a bidding war with rivals, the company's chief executive told Reuters today.
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China's Chery Automobile Co. remains interested in buying a foreign car brand such as Ford Motor Co.'s Volvo but refuses to get into a bidding war with rivals, the company's chief executive told Reuters today.
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Volvo is cutting production at factories in Sweden and Belgium by 76 days this year. Volvo will halt production for 45 days at its car-assembly plant in Torslanda, Sweden.
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Ford-owned and up-for-sale Volvo Cars says it has agreed cost reduction measures - including a wage freeze - with unions which it hopes will avoid the need for further job cuts.
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Delphi has announced that it is providing vital sensor technology for the next generation Volvo S60, planned for a mid-2010 debut.
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Volvo expects its China sales growth will accelerate to over 10 percent in 2009, helped by a rebound in consumer sentiment, a senior executive of the Sweden-based automaker said on Thursday.
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You could nearly call the Volvo XC90 R-Design a sled. They both amount to entertaining cold-weather conveyance, but a sled's a primitive contraption that slides over snow and hopefully goes in a straight line with little to no control.
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Audi is the last member of the "Other Big Three" to jump on the premium compact SUV bandwagon. As one of the segment pioneers, BMW is already firmly established with the X3, while Mercedes-Benz is counterattacking since January with the new GLK-Class. Outside of the German hotbed, the competition includes the Land Rover LR2, Lexus RX, Acura RDX, Infiniti EX and upcoming Volvo XC60.
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The new 2010 Volvo XC60 boasts the highest base price among the dozen premium compact SUVs currently available in Canada. It's nearly $5,000 more expensive than the runner-up -- the Infiniti EX35.
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The new 2010 Volvo XC60 crossover will have a manufacturer's suggested retail price that starts at $45,495 and will go on-sale in April of 2009. For that price, the XC60 will come with a performance-oriented 281-horsepower turbocharged engine, All-wheel drive, a 6-speed automatic transmission, leather seats and City Safety - the world's first low-speed automatic braking system as standard equipment.
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