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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 Mar 2010Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.
2015 Volvo XC90 First Edition price & spec – costs £68,000
Sun, 31 Aug 2014The new XC90 First Edition – a range-topping, £88k XC90 The more we’ve looked this week at the new Volvo XC90, the more we’re beginning to see it as a seminal model for Volvo in the same way the original XC90 was in 2002. And, if all it promises comes close to reality when the first new XC90 s start to arrive in 2015, the new XC90 really could make serious inroads in to the market for premium SUVs currently dominated by Mercedes, BMW, Audi and Land Rover. The new XC90 ‘s clever packaging, good looks, technology and toys certainly seem to offer a beguiling package for a premium family SUV, although the price is likely to be a touch stronger than the current model.
BMW Vision Future Luxury Concept previews the next 7-Series, not a new 9-Series
Sun, 20 Apr 2014The BMW Vision Future Luxury Concept (pictured) is our first look at the next 7-Series The general consensus, when BMW revealed it was taking a concept to preview their vision of a luxury future to the Beijing Motor Show, was that it would be the first look at a new, range-topping BMW 9-Series. But it’s not. In fact, the BMW Vision Future Luxury Concept is a preview of next year’s new BMW 7 Series and previews both the design and technology we can expect when BMW rolls out its challenger to the new Mercedes S Class in 2015.