Ford Motor Co. has announced it has reached a final agreement to sell its Swedish Volvo brand to China’s Geely Holding Group. The sale price is set at $1.8 billion, a fraction of the $6.5 billion Ford paid to buy Volvo back in 1999. The sale of the Volvo brand completes Ford’s corporate strategy to...
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Ford has just unveiled the first example of its new One Ford philosophy, the 2011 Focus. Offered as both a five-door hatchback and four-door sedan, both models look quite unique but offer the same aggressive front end and high-quality paint. At launch one engine will be offered, a 2.0-liter 4-cylinder with direct-injection technology that makes...
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Ford’s popular Escape crossover is set to be replaced in 2012 with the European Kuga. Recent reports suggest, however, that this new model may keep the Escape badge. According to Ward’s Auto, several Ford dealers have commented that it would be a waste to do away with the Escape badge as it has excellent recognition...
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Last week any future cooperation between Ford and Mazda seemed unlikely after Ford president Mark Fields announced the two companies would no longer share platforms. Now company execs on both sides are reasserting a “long-term partnership.” Both Ford CEO Alan Mulally and Mazda CEO Takashi Yamanouchi have been in talks to discuss future collaborations. News...
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Ford will spend $550 million to transform it’s Michigan truck plant into a facility that bill be used to built the new Ford Focus, including an electric version of that vehicle. By transforming the Michigan Trunk Plant into a compact car facility as many as 3,200 jobs will be saved as demand for large SUVs...
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Ford Motor Company has announced huge strides in its efforts to become economically viable. And whether through magic or some sort of wacky accounting that involves proper management of finances, it has done this without federal government aid (aka your tax dollars). Today Ford announced that is has reduced its $25.9 billion debt by more...
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