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Main > Car Makers News > Volvo > Volvo not for sale says chairman Volvo’s sales slump of the past several months has led to a pretax loss of $151 million in the first quarter of the year, and with no sign of turnaround in sight analysts are predicting Ford could end up selling the carmaker just as it did with Jaguar, Land Rover and Aston Martin. According to Volvo chairman Lewis Booth, nothing could be further from the truth. Speaking with Automotive News Europe, Booth said management is focused on improving the business and not on selling it. Booth’s comments... Full article... Article added: 2008-05-04 12:02:52 Article Views Rating: 750 Main > Car Makers News > Ford > Ford may still sell Volvo and Mercury After Aston Martin, Jaguar and Land Rover the automotive industry is waiting to hear word on when Ford will sell Volvo and Mercury. Although Mulally has denied reports of the Volvo and Mercury being on the auction block, Ford may still sell the two brands.Jerry York, a former auto executive who now represents Kirk Kerkorian’s Tracinda Corp, met with FoMoCo CEO last month. Interestingly enough a press release was released yesterday stating that Kerkorian plans on acquiring 20 million shares of... Full article... Article added: 2008-05-03 09:05:43 Article Views Rating: 148 Main > Car Makers News > Ford > Kerkorian's boy says Ford should offload Mercury, Volvo Every villain needs a sidekick, and if there were ever a villain character in the soap opera that is the North American auto industry, it's 91-year-old billionaire Kirk Kerkorian who recently revealed that his private holding company, Tracinda Corp., was buying up Ford stock like he knew something the rest of us didn't. Kerkorian's sidekick in this saga is Jerry York, an ex-auto exec who the billionaire placed on GM's board of directors back when he was pushing for an alliance between the biggest of the... Full article... Article added: 2008-05-03 09:05:37 Article Views Rating: 146 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: 150 Main > Car Makers News > Ford > Jerry York: Ford should sell Volvo and Mercury The former CFO of Chrysler and chief aide to Kirk Kerkorian and his Tracinda investment company, Jerry York, has given some insight about his thoughts on the current state of Ford and its subsidiaries. York, who met with Ford CEO Alan Mulally last month, thinks the Blue Oval chief will sell Volvo and Mercury but will likely retain Lincoln. He said cutting Volvo and Mercury from Ford’s lineup is the right thing to do and that’s what he would do if he had the top job. “I’m very confident... Full article... Article added: 2008-05-03 09:05:13 Article Views Rating: 141 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: 126 Main > Car Makers News > Audi > 2008 Audi Q5 In Detail - The Audi Q5 builds on the foundation established by the Audi Q7, and strengthens Audi’s presence in the SUV segment.- The Audi Q5 will be offered in the USA as a 3.2 V6 FSI direct injection with quattro® all wheel drive and a six speed Tiptronic transmission.- The Audi Q5 will be the first Audi offering with Generation 3 MMI, and navigation with real-time traffic information.The new Audi Q5: Sporty and versatile• The performance SUV from Audi raises the bar• Innovative technologies for dynamic... Full article... Article added: 2008-04-20 07:59:21 Article Views Rating: 254 Main > Car Makers News > Scion > Scion picks a partner for HD Radio Scion has selected iBiquity Digital to provide HD Radio technology in some of its audio systems. Scion hasn't said how it plans to integrate iBiquity into Scions, or which cars will get the systems first, but the partnership marks another incursion of HD Radio into the mass market -- BMW, Ford and Jaguar already offer it, with Volvo opening the HD spigot next year. HD Radio offers stations the ability to transmit multiple programs over a single FM frequency with crystal clear reception -- and there are... Full article... Article added: 2008-04-20 07:59:15 Article Views Rating: 252 Main > Car Makers News > Other > 2008 International Engine of the Year nominees chosen There are many publications, organizations and companies that hand out awards to the automotive industry for its various technical and design achievements, but few are so lauded as the winner of the International Engine of the Year competition. Judged by a panel of 62 of the world’s top automotive journalists from around the globe, the engine that comes out on top - or tops in its class - can lay claim to being the best there is. For a year, at least. The reigning International Engine of the Year... Full article... Article added: 2008-04-20 07:59:08 Article Views Rating: 291 Main > Car Makers News > Other > Tiguan too expensive and too small? VW to add a mid-sized 7-seater Volkswagen is planning to extend its SUV lineup with an addition of another mid-sized 7-seater. The SUV will fill the gap between the Tiguan and the Touareg and could go on sale 2011 to take on the Volvo XC60.It was thought earlier that Volkswagen would stretch the Tiguan the same way Nissan did with the Qashqai. Instead of using existing platforms like the upcoming Q5, Volkswagen will build the model on the platform of the next-generation Passat.Now the next-generation Touareg will be bigger...[source]... Full article... Article added: 2008-04-17 07:39:42 Article Views Rating: 122 |
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