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Main > Car Makers News > Ford > Ford: Volvo subsidiary is not for sale LONDON -- Ford Motor Co. isn't about to sell its Volvo car subsidiary, a senior company official said Friday, brushing off a suggestion by Jerry York, a representative of the Dearborn automaker's newest major shareholder. "Volvo is not for sale and we are about improving the business," Lewis Booth, chairman of Ford of Europe said at a press conference here. Ever since Ford sold the British brands of its Premier Automotive Group -- Jaguar, Land Rover and Aston Martin -- to raise cash to finance its... Full article... Article added: 2008-05-03 09:05:33 Article Views Rating: 169 Main > Car Makers News > Other > Economic woes dent luxury market America's love affair with easy credit and cheap gasoline has hit a dead end. Living large -- as economists came to call it in recent years -- consumers grew accustomed to piling on debt to refurbish bathrooms, add a sprawling deck, or embark on a cruise. Wants often trumped needs. The same families that stretched their finances to get into a new five-bedroom brick manse in recent years are now coming to terms with the pricey Explorer and Cadillac they aspired to own and park in the three-car garage... Full article... Article added: 2008-05-03 09:05:32 Article Views Rating: 127 Main > Car Makers News > Audi > Few high-performance sedans can match Audi's RS4 The 2008 Audi RS4 is a high-performance sedan for a street-racing enthusiast who might have bought a Mitsubishi Evo if he weren't so darned rich. At a base price of $66,910, the RS4 is in no danger of winding up on blocks on the shady side of a trailer park - unless the park happens to border an international speedway. The RS4 is such a rarity that you might want to look for interlopers in the German parent's gene pool. That such a wicked, wicked set of wheels could emerge from such stately heritage is... Full article... Article added: 2008-05-03 09:05:31 Article Views Rating: 373 Main > Car Makers News > Volkswagen > Road Test: Volkswagen Passat CC The Passat CC is Volkswagen's dishy new coupé version of the dull as dishwater saloon. But not every model is a motoring coup I drove a Mercedes-Benz CLS last Monday. It always seemed a ludicrously indulgent car on which to spend a manufacturer's development and marketing budgets, as it is broadly an E-Class saloon with a side view shaped like a banana, less room inside and some more exotic mechanical parts. But buyers love it, because it looks like a concept car. They can drive a little bit of... Full article... Article added: 2008-04-28 08:27:52 Article Views Rating: 2449 Main > Car Makers News > Audi > 2008 Audi A8 L 4.2 quattro Road Test The Audi A8 is a car of many firsts and many facts, so here's a couple of interesting The A8 L is one of the finest luxury sedans in the world. Photo: Justin Couture, American Auto Presspoints which may be of use when starting out a conversation. The A8 was the first production vehicle to feature a twelve cylinder engine in a “W” arrangement. It also happened to be the world's first vehicle to be equipped with six airbags. And here's a particularly interesting point to break the ice when... Full article... Article added: 2008-04-28 07:44:06 Article Views Rating: 1130 Main > Car Makers News > Jaguar > Update: EU clears Tata purchase of Jaguar, Land Rover Updated: The European Union has followed the lead of the U.S. Federal Trade Commission and approved the $2.3 billion sale of Jaguar and Land Rover to India’s Tata. There were no content of the sale from competitors and customers and the decision was made under a ‘simplified procedure’, which guarantees approval. Original: One of the final hurdles for the completion of Ford’s sale of Jaguar and Land Rover to Tata Motors was cleared today as the U.S. Federal Trade Commission FTC issued a... Full article... Article added: 2008-04-28 06:22:55 Article Views Rating: 217 Main > Car Makers News > Jaguar > Update: EU clears Tata purchase of Jaguar, Land Rover Updated: The European Union has followed the lead of the U.S. Federal Trade Commission and approved the $2.3 billion sale of Jaguar and Land Rover to India’s Tata. There were no content of the sale from competitors and customers and the decision was made under a ‘simplified procedure’, which guarantees approval. Original: One of the final hurdles for the completion of Ford’s sale of Jaguar and Land Rover to Tata Motors was cleared today as the U.S. Federal Trade Commission FTC issued a... Full article... Article added: 2008-04-28 06:22:55 Article Views Rating: 188 Main > Car Makers News > Ford > Ford surprises with $100 million net income in Q1 Ford Motor Company had a first quarter that was much better than analysts expected. It recorded in its ledger a net income of $100 million, which compares favorably to the $282 million it lost during the same quarter last year. Revenue fell 8% to $39.4 billion, but that doesn't include the sale of Jaguar / Land Rover. Of course, market's outside the U.S. are what helped Ford the most, with South America, Ford Europe and the Asia Pacific Africa regions all contributing to the cause. But Ford's home... Full article... Article added: 2008-04-25 06:16:06 Article Views Rating: 145 Main > Car Makers News > Ford > Ford: $100 million first-quarter profit Ford Motor Co. once again surprised Wall Street, posting an unexpected profit and its sixth consecutive quarter of year-over-year improvement despite serious problems in the U.S. automobile market. But the Dearborn automaker warned that additional downsizing will be necessary in order to meet its stated goal of returning to profitability in 2009. "Our plan is working, and we continue to show significant progress," CEO Alan Mulally told reporters and analysts during a conference call Thursday morning... Full article... Article added: 2008-04-25 06:16:00 Article Views Rating: 140 Main > Car Makers News > Ford > Ford's recovery gaining traction Whoever says Ford Motor Co. is not changing under CEO Alan Mulally should start paying attention. In the year and a half that he has been at the helm, he has downsized Ford's North American operations and negotiated a game-changing contract with the United Auto Workers. He is selling off what he calls "non-core assets" like Jaguar and Land Rover and has mortgaged much of what is left to secure what he calls "the largest home loan in history" to pay for it all. He has assembled a global leadership team... Full article... Article added: 2008-04-23 06:16:41 Article Views Rating: 139 |
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