5 Articles
Ford finalizes deal to sell Volvo to Geely for $1.8 billion

At press conference in Gothenburg, Sweden today, Ford executive vice president Lewis Booth and Geely chairman Li Shufu announced that the companies have reached a final deal to sell Volvo to the Chinese automaker. The final purchase price is $1.8 billion, which includes some of Volvo's intellectual property and its other physical assets.

Autoblog Podcast #159 - Reilly Brennan from AOL Autos comes by the podcast clubhouse

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Ford officially confirms China's Geely as preferred bidder for Volvo

Volvo S60 concept - click above for high-res image gallery

REPORT: American-led consortium to bid against Geely for Volvo

With General Motors and Ford both trying to divest themselves of underperforming operations that aren't core to their U.S.-based businesses, the automakers are finding things tougher than simply locating someone willing to write a check. As automakers have rationalized their operations, they have done a lot of platform and technology sharing among the brands under their umbrellas, making extracting individual marques a difficult business. Because automakers around the world are struggling, findi

Ford wants Jag/Land Rover sold by October, Volvo by 2008

The New York Times is reporting that Ford is expecting to wrap up its sales of Jaguar and Land Rover by September 30, and of Volvo by the start of winter. Fresh off its shedding of the majority of Aston Martin, Ford has made the decision to rid itself of a majority of shares in the other premium brands under its corporate halo. The legal and financial people have already started working on the bidder information packets, according to Times sources.