Volvo News

The Chinese from Geely managed to get the $2 billion to take over from Ford the Volvo Company and are determined to ensure their involvement in the future Swedish brand.
Geely has managed to attract several investors, including regional financial institutions and public organizations; the $2 billion is now assured. In addition, the Chinese wanted to give assurances that they will bring their contribution both in the financial and business development.
Fortunately for the Swedes, the Chinese are not going to move operations to China.”We want to be careful not to damage the Volvo brand. We don’t want the image of a luxury car made in a third world country. We want the image of a European luxury car, albeit owned by a Chinese owner.”, said Freeman Shen, vice president of Geely.

The Volvo plant at Ghent remains open, and production is expected to increase. Another good news for the Scandinavian automaker is given
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Volvo, one of the automakers with the one of the most sober reputation wants to change people’s opinion at Geneva Motor Show 2010. Is it the Volvo S60R the “naughty” model which Volvo makes public by these two videos?
Volvo, by definition, it’s that kind of automaker you just can’t associate wit sportiveness. Still, they had some sporty models, all gathered under the R-series range. Originally opened by the Volvo 850 T5-R in 1995. At the time that model had very surprising performance, its 240 HP and the all-wheel traction allowed him to reach 60 mph in less than 6 seconds. Volvo 850 TR has held at that time the record for the fastest car with automatic transmission.

The latest embodiment of a model bearing the R-suffix was the Volvo S60R that saw the sunlight in 2003, but it wasn’t able to keep pace with the times, being even less sporty than the first R. Under
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Volvo offered today the full information about the new generation of the S60 model, expected to debut live at Geneva. The sedan comes with the best dynamic behavior of Volvo’s history.
Volvo published today all the official information and images of the new generation S60 and the Swedes hope that it will attract the premium public. Thought to be a best-seller, like his predecessor, which totaled over one million orders, the new S60 comes with a new design philosophy and features the typical Scandinavian shapes both on the inside and outside.
The press release also reminds of the good performance in terms of handling, some voices within Volvo past saying in the past that this is the most dynamic sedan in the history of the Swedish producer. To improve roadholding, Volvo has used an extended platform of the current Mondeo, on which they have operated a number of important changes to the
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According to some voices, Ford is selling Volvo to the Geely Chinese On February 8, at the exchange of $1.8 billion.
The Americans at Ford will sell Volvo to the Chinese from Geely for the amount of $1.8 billion. In 1999, the Ford company bought Volvo for $6 billion, the difference was lost because of poor financial results of the Swedish brand.
According to the voices that announce this transaction, the date of completion of the sale of Volvo to Geely will be February 8, 2010. The only obstacles that slow the selling of Volvo brand are some legal matter and there are just a few elements that need some more time to be solved. However, there is no barrier in front of the sale of Volvo brand to the Geely Chinese.

Ford bought Volvo in 1999 for the sum of $6.45 billion. This acquisition took place a decade after General Motors bought the Swedish brand Saab. The acquisition was considered to
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Ford, Subaru and Volkswagen brands hold the firs positions in a US classification of the new safe cars. The National Highway Traffic Safety Association awarded the “maximum safety” prize for the next year to 19 regular cars and eight SUVs. The association reduced the number of the “winners” compared to 2009 because of the rough requirements regarding the roof safety introduced this year. Ford Motors and its subsidiary Volvo gathered the most awards – six – compared to the five award the Japanese from Subaru received, to the Germans from Volkswagen and to the General Motors Americans.
Toyota, BMW, Mazda and Mitsubishi were not included in the top.

Ford, awarded especially for Volv0 S80, C30 and Taurus, highlighted in a press release that he commits himself to offer the Ford customers “safe cars that can cope with most kinds of car accidents,” Associated Press informs.

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