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Koenigsegg backs out of deal to buy Saab
Tue, 24 Nov 2009Swedish exotic-car maker Koenigsegg Group has canceled plans to buy Saab from General Motors. GM announced that the deal was off on Tuesday and gave no reason why the deal fell apart, nor did the automaker say what would happen to Saab. In a statement, GM CEO Fritz Henderson said: "We're obviously very disappointed with the decision to pull out of the Saab purchase.
Ford to sell off Volvo: newsflash
Mon, 01 Dec 2008By Tim Pollard Motor Industry 01 December 2008 15:18 Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions.
New Ford C-Max & Grand-C-Max double sales in Europe
Thu, 22 Dec 2011Ford doubles sales of the C-Max and Grand C-Max Ford has revealed that the new C-Max and Grand C-Max have doubled their sales and market share in Europe in the last twelve months. Although it’s two years since Ford revealed the C-Max and Grand C-Max at the Frankfurt Motor Show in 2009, it took another year for the new Fords to hit the market. But since the C-Max duo hit showrooms in late 2010, they’ve certainly made up for lost time.