Volvo

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Ford Eyes Chinese Buyer for Volvo

Ford's last European car on the block

(Newser) - Beleaguered Ford is poised to sell Volvo to a Chinese automaker, reports the Times of London. Ford and Volvo executives are in talks with Changan, Ford’s manufacturing partner in China—one of the country’s biggest car makers. Over the last two years Ford has sold Aston Martin, Jaguar...

Ford May Sell Off Volvo
 Ford May Sell Off Volvo 
Dec 1, 2008 10:29 AM CST

Ford May Sell Off Volvo

Company's US sales off 28% in '08; Swedish government in talks

(Newser) - Ford is looking to cut costs wherever it can, and that might mean selling off its Volvo unit, the Wall Street Journal reports today. US sales for Volvo dropped off 28% in the first 10 months of 2008, and Ford, bleeding cash, plans to trim down and focus on its...

Ford Tops Safe Car List
 Ford Tops Safe Car List 
Nov 25, 2008 11:36 AM CST

Ford Tops Safe Car List

With help from Volvo, firm leads with 16 vehicles

(Newser) - The insurance industry named dozens of new cars and trucks, led by Ford and its Volvo subsidiary, to its annual list of the safest vehicles today. Ford and Volvo saw 16 of their 2009 vehicles make the list; Honda followed with 13. Some 72 vehicles received the top safety pick...

Volvo Promises Crash-Proof Car By 2020

Road deaths will be history, Swedes say

(Newser) - Volvo executives have vowed to create an un-crashable, injury-proof car by 2020, Reuters reports. The car manufacturer is adapting technology developed for commercial aviation to create a vehicle that will take over the controls in a dangerous situation and brake or steer out of harm's way. Engineers are hopeful such...

More Cuts Planned as Ford Shifts Out of Reverse

Investors rally for Mulally as turnaround picks up speed

(Newser) - Ford was in the worst shape of Detroit's Big 3 a couple of years ago but chief executive Alan Mulally's sweeping changes have put the firm back on the road to profitability, the Wall Street Journal reports. The company has slashed jobs, and will likely cut more, and ditched its...

Volvo Recalls 125,000 Trucks in US for Fire Threat

Swedish truck maker is recalling three models built between 2003 and the present

(Newser) - Volvo is pulling 125,000 trucks in North America into the shop to fix an electrical fault that could cause fires, reports the AP. Volvo VN and VT tractors and its VHD dump trucks built since 2003 are being recalled. Volvo in 2006 recalled 42,000 VN and VHD models...

Ford Turns 1st Quarterly Profit in 2 Years

Automaker thumps expectations, moves into black for 2007

(Newser) - In a surprise turnaround, Ford reported a $750 million quarterly profit today, ending seven quarters in the red by declaring earnings of 31 cents per share. Excluding profits related to the sale of Aston Martin and job cuts, the figure was 13 cents per share ($258 million), Bloomberg reports. Ford...

Ford May Be Preparing to Unload Volvo

Struggling automaker would reverse earlier decision in push for cash

(Newser) - Faced with large losses and sagging sales in North America, Ford is ready to consider offers for its Volvo division, insiders say. As recently as two weeks ago, the company insisted that  Volvo was not for sale, the New York Times reports. Already on the market are two other Ford...

Ford Turnaround Plan Pays Off
Ford Turnaround Plan Pays Off
Apr 26, 2007 10:59 AM CDT

Ford Turnaround Plan Pays Off

(Newser) - A loss is a win for Ford this morning, as the company's shares soared nearly 10% on smaller-than-expected first-quarter losses. Investors see the $282 million net loss—down from $1.4 billion in first quarter 2006—as a sign the company's ambitious turnaround plan is on track.

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