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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.
Toyota offers peek at redesigned 2012 Camry
Wed, 03 Aug 2011A redesigned 2012 Toyota Camry sedan is coming this fall--and Toyota is cranking up the marketing machine. On Wednesday, Toyota posted a teaser photo of the 2012 Camry--a look at the car's left-front corner, showing the headlamp, hood, a flared wheel arch and the windshield. You can also see a fog light, a clue that this is one of the higher trim levels of the Camry family.
New Toyota Prius to match Honda Insight on price
Thu, 02 Apr 2009New Toyota Prius to match Honda Insight on price. [ad#ad-1] The next generation Toyota Prius is upon us, and it looks like Toyota are taking the threat from the Honda Insight very seriously indeed. When the Honda Insight was announced, and it was clear that Honda was intent on pitching the Insight below the Toyota Prius price, reports from Japan said that Toyota were going to continue to make the outgoing Prius, but pitch it beneath the price of the Honda.