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Geely president Li Shufu admits disputes with Volvo managers
Tue, 16 Nov 2010Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.
Chrysler recalls Charger police vehicles
Mon, 13 Feb 2012Chrysler is recalling almost 10,000 Dodge Charger police cars from the 2011 and 2012 model years. The affected vehicles have a faulty bulb-harness connector that could overheat, causing the low beams to fail. Certain vehicles could also lose their antilock brakes or stability control if the power-distribution center overheats.
Jaguar Land Rover profits up 34 per cent to £1.5 billion
Tue, 29 May 2012Just four years after Tata took over what looked like a basket case in Jaguar Land Rover, profits have hit £1.5 billion. It’s become the norm for Jaguar Land Rover to report ever improving profits and sales, but the news that JLR made profits of £1.5 billion in the year to end of March 2012 is still amazing. Ford sold Jaguar and Land Rover to Tata four years ago as it unwound its faltering luxury car brands, and as recently as 2009 JLR were almost begging for government help to keep going.