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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.
GM awards small-car production to Michigan plant
Fri, 26 Jun 2009General Motors will make its new subcompact car in Orion Township, Mich., the automaker said Friday, dashing hopes in Spring Hill, Tenn., and Janesville, Wis., that the small car would keep one of their factories alive. Stamping for the new car will take place in Pontiac, Mich., GM said in a statement. The small car, which GM said it plans to start producing in 2011, will save about 1,200 jobs in Orion and 200 in Pontiac.
Mazda Takeri concept (2011) first official pictures
Tue, 25 Oct 2011Mazda today unveiled its Takeri concept car ahead of its global debut at November's 2011 Tokyo motor show. The swooping mid-sized saloon is the latest recipient of the Japanese marque's Kodo design language and drops a very heavy hint about the styling of the next Mazda 6 range, expected in 2012. What do we know about the new Mazda Takeri?