Cars
Volvo Cars Celebrates 85th Birthday with the Same Car in the Same Place
On April 14, 1927, at 10 am, Volvo sales manager Hilmer Johansson was photographed while he was driving the Swedish company's first mass-produced automobile, the ÖV4, through the factory gates in Lundby in Göteborg. To celebrate the 85th anniversary of this event, Stefan Jacoby, President and CEO of Volvo Car Corporation, and Olof Persson, President and CEO of the Volvo Group, which sold the company's automotive business to Ford in 1999 before it landed in the hands of China's Geely in 2009, were photographed passing through the same gates in the same historic model.
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Volvo To Produce S100 Flagship Sedan, Says Geely Boss
It looks like Geely boss Li Shufu isn't the type of person that gives up too easily. Even though Volvo CEOs Stefan Jacoby and Hakan Samuelsson have opposed the idea of a Volvo flagship sedan on grounds that such a car would not fit the brand's...
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Stefan Jacoby Steps Down As Volvo's Ceo, Is Replaced By Hakan Samuelsson
Stefan Jacoby's tenure as CEO of the Volvo Car Group has ended after only a little over two years with the Swedish carmaker announcing that he is being replaced by HÃ¥kan Samuelsson, currently Board member and former chief of MAN trucking, effective...
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Ford Seals Deal With China's Geely, Sells Volvo For $1.8 Billion
For better or for worse, Ford Motor Company has finalized a deal to sell Volvo Cars and related assists (primarily intellectual property) to Chinese automaker Zhejiang Geely Holding Group Company Limited for US$1.8 billion (€1.35 billion at today's...
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Ford Confirms Deal With China's Geely On Volvo Sale
While General Motors is still trying to figure out what it's going to do with its Saab division, Ford Motor Company announced today that it has settled all substantive commercial terms with China's Geely Holding Group Company Limited on the prospected...
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China's Beijing Auto Also Interested In Buying Volvo
A second Chinese firm has been added to the list of potential bidders for FoMoCo's Volvo division. Aside from Geely Automobiles Holdings, the Wall Street Journal reported on Wednesday in its online edition that the Chinese government-owned Beijing...
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