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On 28 October 2009, Ford named Geely the preferred buyer of Volvo Cars. [13] [14] On 23 December 2009, Ford confirmed that all substantive commercial terms for the sale to Geely had been settled. Geely signed a deal with Ford to acquire Volvo Cars for $1.8 billion on 28 March 2010 and closed the deal on 2 August 2010. [6]
When the global economic crisis of 2008 threatened the US automakers, Swedish authorities became concerned about the fate of Volvo, should Ford file for bankruptcy. These concerns mounted after repeated mass-layoffs at Volvo. In December 2008, Ford announced that it was considering selling Volvo Cars.
In 1930, Volvo sold 639 cars, [12] and the export of trucks to Europe started soon after; the cars did not become well known outside Sweden until after World War II. [12] AB Volvo was introduced at the Stockholm Stock Exchange in 1935 and SKF then decided to sell its shares in the company.
Ford Motor (F) announced Monday that it has completed the sale of Volvo, its Swedish unit, to China's Zhejiang Geely Holding Group. Geely put up $1.3 billion cash for Volvo and issued a note worth ...
Ford (NYSE:F) has been shopping its Volvo unit for months. Some Wall Street analysts thought the American car maker needed the money. Now that Ford's sales in the U.S. are improving, that may not ...
Ford owned the Swedish automaker Volvo from 1999 to 2010. [8] ... Ford did sell a small range of vehicles in Japan; as of October 2010, the Ford Mustang, ...
2004–2011;The 2.5 Duratec is an inline 5 engine used in the Ford Focus ST225,Kuga,S-Max ST and various Volvo T5 models.It features DOHC, 20 valves and Ti-VCT.It displaces 2521cc and produces 166 kW (225hp) and 320 N.m (236lb.ft) in the ST or 227 kW (305hp) and 440 N.m (324.5lb.ft) in the Focus RS, or even up to 257kW (345hp) and 460 N.m ...
Taurus is one of Ford's best-selling models, with 7,000,000 units sold ranks among the 4th best-selling car in Ford's history, behind only the F-150, Model T and Mustang. 1986: Ford of Europe launches the second generation of the Transit van family. Ford Capri ceases production. 1987: Ford acquires Aston Martin Lagonda and Hertz Rent-a-Car ...