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Geely buys Volvo from Ford : Geely Holding Group, one of the fastest-growing car manufacturers in China, announced on August 2 t

Li Shufu becomes Volvo Chairman : Li Shufu, chairman of the board for Zhejiang Geely Holding Group, will become chairman of Volvo Car

Volvo launches V60 Sports Wagon with coupe-like design combined with dynamic driving characteristics. Stephen Odell, CEO of Volvo Cars, mentions that V60 sports wagon will appeal a S60 buyer looking for some extra space and flexibility along with a sporty design.

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Chinese manufacturer Geely Group Holdings is Fords top bidder to purchase Volvo. Ford will begin more detailed negotiations with Geely, but final decisions have not been made. “Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the [...] Original article from: Australian Car Advice - Australia's largest independent Auto site. Ford names China’s Geely as preferred Volvo b

More detailed negotiations will soon start between Ford Motor Co. and Chinese automaker Geely Group Holding Co. over the bidding to purchase Volvo Car Corp. In a statement, Ford Chief Financial Officer Lewis Booth, said that Geely, its preferred bidder, has the potential to be a responsible future owner of Volvo. Booth expects that Geely will be able to take the business forward while preserving its core values and independence. Ford said if ever a sale will come to pass, the carmaker does not w

Due to conflicts over intellectual property rights, Geely Holding’s attempt to buy Ford Motor Co.’s Volvo car unit is in danger of stalling, according to an unnamed source. Since the early part of 2009, there have been talks participated in by representatives from Ford and Geely, parent of Hong Kong-listed car maker Geely Automotive, with regards to the sale, said to be around $2 billion.The latest talks in London are believed to be focused on the U.S. carmaker’s concerns about sharing its propr

Volvo will make a few minor changes to the XC90 for 2010. The model is reportedly only being offered in a seven-seat configuration that will certainly help in differentiating the XC90 from the five-seat XC60. The XC90 will be offered in five different trim levels; however this may vary among countries.The “Kinetic variants” are notable for their bright exterior accents (aluminum-look roof rails and additional chrome detailing), 18-inch alloy wheels, and a navigation system. Meanwhile, choosing a

My family put the 2010 Volvo XC60 through its paces. I’m pretty sure the XC60 couldn’t wait to escape our driveway. This test drive was packed with repeated attempts to trigger the City Safety collision avoidance feature and a projectile vomiting incident (we tried to be cool parents and take the kids to the drive-in for the latest “Transformers” movie, but our youngest decided to throw up in the XC60 as soon as we parked!), which probably left the poor XC60 wondering, “Why me?” Despite the tr

To achieve a higher fuel economy average, Volvo is planning to sell diesel and plug-in hybrids in the U.S., according to Volvo CEO Doug Speck in an interview with Automotive News. When asked to speculate on whether the diesel or the plug-in hybrids would be more popular, he could only say that it’s unclear ultimately what percentage of each is going to drive the industry.Volvo is seeking to comply with a mandate by the US government that by 2016, corporate average fuel economy (C.A.F.E.) must av