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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 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 on Sunday 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.
Road Kill
Tue, 15 Jul 2014CAR OWNERS have raised a stink after driving on a road littered with meat in upstate New York. Dozens of chunks of meat were discovered on the road in front of a shopping centre in Queensbury, about 60 miles north of Albany, the Post-Star of Glens Falls reported. Police believe the meat fell off a truck that might have been heading from a farm or slaughterhouse to a rendering plant, but no one has come forward to claim it.
Maserati looking at LaFerrari for MC12 successor
Mon, 06 May 2013Maserati is looking into building a successor to the MC12 Stradale supercar based on the Ferrari LaFerrari, according to a report from Autocar. Maserati boss Harald Wester didn't confirm it to the British magazine, but admitted there is an opportunity. The new car would use the chassis and suspension components from the LaFerrari, but not its electric motor and KERS system.