News on AB Volvo

Wis. high court sides with dealer in Volvo dispute

2010-03-11T07:45:36Z

<div id="subtitle">Wisconsin Supreme Court sides with Wausau dealership in dispute with Volvo Trucks</div><div><p>The Wisconsin Supreme Court has sided with a truck dealership in a dispute with a major manufacturer of semitrailers.</p><p>The court on Thursday upheld an administrative law judge...

Geely secures financing to buy Volvo: report

2010-03-10T09:16:00Z

<div><p>Chinese carmaker Geely has secured financing for its planned purchase of Volvo Cars from US auto giant Ford from Chinese financial institutes and regional authorities, a report said Wednesday.</p><p>"Financing for the Volvo deal was concluded in recent days," a source told the Swedish financial daily Dagens Industri (DI).</p><p>"The money is now in Geely's bank account. Documentation has been shown to For...

China's Geely secures financing to buy Volvo: report

2010-03-10T00:00:04Z

<div><p>STOCKHOLM (Reuters) - The parent of China's Geely Automobile <0175.HK> has secured financing to buy Ford-owned Volvo cars for about 15 billion Swedish crowns ($2.10 billion), a S...

Volvo trucks' losses widen by 47 pct

2010-02-22T11:34:46Z

<div id="subtitle">Truck maker Volvo's losses widen by 47 pct in 4th quarter on restructuring and sluggish sales</div><div><p>Truck maker AB Volvo on Friday said its losses widened by 47 percent in the fourth quarter due to restructuring costs and declining sales but forecast growth in key markets this year.</p><p>The Swedish company, which makes Volvo, Mack, Renaul...

Used Volvo - Cross Country Cars

2010-02-22T12:51:40Z

Volvos come from a harsh environment. Their Scandinavian background means that their very culture and history is imbued with a coldness, a ruggedness. The terrain is harsh, the weather is harsher, and the Volvo has to be built to be able to survive it. I f you look at pictures of the stunning glacial beauty of Scandinavian countries you will no doubt be struck by how dramatic the horizon its, as well as obviously how lovely the location looks.&a...

Used Volvo - The Volvo DRIVe Range

2010-02-22T13:44:43Z

Have you noticed the drive (pun completely intended) towards greener living? This isn?t just in the car industry, but applies across all sorts of markets and areas ? travel, fashion, retail and more. It seems that people are starting to realise that Planet Earth doesn?t, unfortunately, have unlimited resources, and if we want to keep living in relative comfort we will have to change the way we approach our everyday luxuries.<br><br>One area that was particularly un...

Volvo chairman Johnsson resigns in unexpected move

2010-02-22T19:56:41Z

<div><p>STOCKHOLM (Reuters) - The chairman of Volvo &lt;VOLVb.ST&gt;, the world's second biggest truck maker, resigned on Friday in what analysts said was a surprising move just three months away from the firm's annual general meeting.</p><p>Finn Johnsson, who had...

AB Volvo chairman leaves job to Astra's Schweitzer

2010-02-22T20:00:24Z

<div id="subtitle">Chairman of Swedish truckmaker AB Volvo to be replaced by AstraZeneca's Louis Schweitzer</div><div><p>Swedish truckmaker AB Volvo on Friday said its chairman Finn Johnsson is leaving his post with immediate effect and will be replaced by Louis Sch...

Ford still open to talks on Volvo Cars sale: report

2010-02-22T21:49:17Z

<div><p>STOCKHOLM (Reuters) - Ford &lt;F.N&gt; remains opens to talks with potential bidders for its Volvo cars unit despite a commercial agreement on a sale with China's Zhejiang Ge...

Geely gets China's support for Volvo, 2010 auto sales

2010-02-23T07:47:58Z

<div><p>HONG KONG (Reuters) - Geely, China's No.1 private carmaker, said on Thursday that its parent company has strong support from the Chinese government to acquire Ford Motor's &lt;F.N&gt; Volvo unit, and expects robust growth fo...

Geely Automobile mulls ways to collaborate with Volvo

2010-02-23T07:41:58Z

<div><p>Geely Automobile said Thursday it will look at ways to collaborate with Volvo once its parent group completes the acquisition of the loss-making Swedish brand from US auto giant Ford.</p><p>Gui Shengyue, Geely Automobile's executive director, said ...

A Review of the Best Mini Diggers For Sale

2010-02-23T08:48:08Z

When shopping for a mini digger, you might want to look to buying a used one if you are not going to be using it in your day to day work. A used model may cost up to 25% less than a new model. Generally they are built to operate from 8000 to 10,000 hours, so a two or three year old model with a couple of thousand miles on it can be a very cost effective alternative to buying new. Even older models with a little more wear can be a good buy with up to a 50% savings over purchasing new.<b...

Geely will keep Volvo running as is: report

2010-02-23T11:22:46Z

<div><p>BEIJING (Reuters) - China's Geely would barely lay a finger on Ford Motor Co's Volvo if it succeeds in acquiring the Swedish luxury car brand, the firm's top executive was quoted by state media ...

Swedish press sceptical on Chinese takeover of Volvo

2010-02-23T11:29:13Z

<div><p>Sweden's media reacted sceptically Thursday to Ford's agreement to sell Volvo to China's Geely, reflecting on the iconic Swedish brand's future and the country's once-great auto industry.</p><p>"Volvo: Money can't buy everything," read an editorial in PASADENA, CA - DECEMBER 23: Volvos are displayed at Rusnak Volvo car dealership on December 23, 2009 in Pasadena, California. Ford Motor Company has announced that it will sell the Volvo brand to Chinese automaker, Volvo sale to Geely is close, expects final deal in first quarter</div><div><p>Ford Motor Co. said it is moving closer to selling its Swedish Volvo brand, even though the U.S. automaker is in far better financial shape than it was when it pu...

Ford agrees Volvo sale to Chinese carmaker

2010-02-23T11:55:47Z

<div><p>US auto giant Ford said Wednesday it had agreed on the main terms for selling its Swedish brand Volvo Cars to Chinese car maker Geely, a deal set to underline China's growing economic clout.</p><p>Ford said a definitive accord would be signed early in 2010 with Geely, a former refrigerator parts supplier that has grown into one of China's large...

Geely nears Volvo buy, as China ascends in autos

2010-02-23T12:09:52Z

<div><p>BEIJING/DETROIT (Reuters) - Ford Motor Co &lt;F.N&gt; said on Wednesday it is nearing an agreement to sell its Volvo Swedish cars unit to

Ford Geely Volvo

2009-12-23T10:45:43Z

FILE - In this July 21, 2009 file photo, the Volvo logo on the front grille is shown in Miami. Ford Motor Co. moved closer Wednesday, Dec. 23, 2009, to selling its loss-making Volvo unit to China's Geely Group, saying ...

Ford confirms deal in Volvo sale to China's Geely

2010-02-23T12:04:51Z

<div><p>US auto giant Ford said Wednesday it had agreed the main terms for selling its Swedish brand Volvo Cars to Chinese carmaker Geely, in a deal that would underline China's growing economic clout.</p><p>Ford said a definitive accord would be signed early in 2010 with Geely -- a former refrigerator parts supplier that has grown into one of China's ...