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Ford completes sale of Volvo to China's Geely
Mon, 02 Aug 2010Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.
Aston to build cars abroad
Mon, 03 Mar 2008By Ben Oliver Motor Industry 03 March 2008 23:05 Aston Martin is to manufacture a major model outside the UK for the first time, CAR Online can exclusively reveal. The iconic British car maker will use the Geneva Motor Show to announce that its new Rapide four-door coupe will be built in Austria by Magna Steyr.The firm’s Graz factory is expected to build up to 3000 Rapides each year, with deliveries starting in early 2010. As with all Aston Martin engines, the £200,000 Rapide’s 6.0-litre V12 will be built in Cologne.
Vauxhall Monza Concept revealed ahead of Frankfurt 2013
Wed, 21 Aug 2013Go on, admit it. You didn't expect to be getting excited about a Vauxhall concept car at next month's 2013 Frankfurt Motor Show, did you? But when you chuck in the names 'Opel' and 'Monza', just about every petrolhead in the land should start to get a little excited.