Cars
With its U.S. sales steadily declining for 7 years now, Volvo has no choice but to radically rethink its strategy. The Swedish automaker is currently offering nine models in the States or about as many as Volkswagen does, but it sold almost five times fewer cars than the Germans in 2010.
- 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...
- Volvo Aims To Boost Sales In China, Become Known For More Than Safety
Volvo wants to increase its sales in China by at least 60% this year, to 50,000 cars, and to 200,000 by 2015. And how does the Swedish carmaker, which is owned by China’s Geely, intend to do so? By adding user-friendly comforts and a touch of...
- It's Official: Ford Dumps Mercury Brand
Like GM, Ford Motor Company is continuing to shrink its brand portfolio. Following the recent sale of Volvo Cars to China's Geely, with which it completed the dismantling of the premium group that once included Aston Martin, Jaguar and Land Rover,...
- 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...
- 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...
Cars
Volvo to Cut Down its U.S. Lineup, V50 Among the First to go
With its U.S. sales steadily declining for 7 years now, Volvo has no choice but to radically rethink its strategy. The Swedish automaker is currently offering nine models in the States or about as many as Volkswagen does, but it sold almost five times fewer cars than the Germans in 2010.
Consequently, the Swedish brand, which is now owned by China's Geely, has decided to significantly reduce the number of models in its North American lineup and concentrate on best-selling vehicles in an effort to increase sales.
Read more »- 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...
- Volvo Aims To Boost Sales In China, Become Known For More Than Safety
Volvo wants to increase its sales in China by at least 60% this year, to 50,000 cars, and to 200,000 by 2015. And how does the Swedish carmaker, which is owned by China’s Geely, intend to do so? By adding user-friendly comforts and a touch of...
- It's Official: Ford Dumps Mercury Brand
Like GM, Ford Motor Company is continuing to shrink its brand portfolio. Following the recent sale of Volvo Cars to China's Geely, with which it completed the dismantling of the premium group that once included Aston Martin, Jaguar and Land Rover,...
- 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...
- 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...