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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.
Slots of Fun: Racers gather for a good cause
Wed, 28 Jul 2010“This wasn't your traditional fundraiser,” said slot-car-enthusiast-turned-fundraiser Bruce Talamon. “This wasn't your traditional, ‘Hey, come drink and sip white wine or do a run or do a bike ride.” It was slot cars, which turned out to be a lot more fun. But it wasn't just a couple guys in a garage with some plastic track and a transformer.
Jaguar Land Rover has best sales EVER in March
Fri, 05 Apr 2013Jaguar Land Rover has reported its best sales figures ever in March 2013, with Land Rover sales up by 12 per cent and Jaguar by 20.6 per cent. We’ve got used to Jaguar Land Rover producing ever growing sales figures in the last year or two as their range of cars become ever more desirable. But March 2013 has topped all their results so far with an all-time record number of cars sold – a TOTAL OF 17,733, up by 20 per cent on March 2012.