Not long ago, Ford's Premier Auto Group was filling the halls of a big office building in Irvine California. In recent years, Aston Martin, Land Rover and Jaguar were sent packing, and Lincoln dragged itself back to Detroit, leaving the halls lonely for sole survivor Volvo, which is also headed back to Rockleigh, New Jersey.
Kirk Kerkorian's associate Jerry York stated last Thursday that Ford would do well to sell Volvo and extinguish Mercury. Coincidentally (or not) Ford's stock zoomed up to one of the highest price levels it's seen in the last six months. Tracinda Corporation, Kerkorian's firm, has expressed faith in Mulally's leadership and his plan to strengthen the automaker. There has been speculation about a sale of Volvo in the past, and punditry has been begging the Blue Oval to do something with Mercury, o
var digg_url = 'http://digg.com/offbeat_news/Ford_apes_the_RIAA_sues_Jaguar_fans_over_calendars'; The internet has made it incredibly easy for groups of enthusiasts to communicate and collaborate. Gearheads benefit a lot from this. It's easy to share pictures of our beloved rides, and with services like CafePress, you can even get some cool merchandise made up. Just like the record business is going after people who allegedly stole a whole bunch of music (how about the record company contract
While poring over the RSS feeds today, we noticed a tiny article in Automotive News about Ford's desire to sell off both Jaguar and Land Rover. The potential sale has been in the news as of late, but this article caught our eye because it reveals a potential bidder with which we're all familiar. According to Automotive News, three private equity groups including Blackston, Cinven and... Cerberus (!) have shown interest in joining the auction for two of Ford's Premiere Auto Group brands. Cerberus
Earlier this month, Autocar reported that BMW had expressed significant interest in buying the Volvo brand from Ford Motor Company early in 2007. The report claimed BMW had gone so far as to request financial data about the Swedish automaker.
CC is dead, long live CC. After getting the boot by the Irvine Company this past Saturday, Southern California car enthusiasts were concerned that the Crystal Cove car show would disappear all together. Not only were the car owners in dispair, but also the fans of these incredible vehicles from around the world who would search the web for pictures of what supercar or museum treasure had shown up last week. A worldwide cry went out from fans around the Internet, pleading for a place to host the