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Volvo has 'bright future' under Geely: Ford chief
Detroit, Michigan (AFP) Jan 12, 2010 Volvo will have a "bright" future under the management of Chinese automaker Geely once Ford completes the sale of its Swedish mark, Ford chief executive officer Alan Mulally said Tuesday. "I think Volvo has a very, very bright future," Mulally said. "They're great business people, they love the product and they're going to be a great owner for Volvo." Mulally reiterated that Ford is not considering any other bidders for Volvo but declined to say when the deal would close. "We don't give a specific date out for it because these are very sophisticated conversations we have because we have to make sure that we have all of our support for Volvo all lined up so we don't have a timeframe," he told reporters on the sidelines of a conference hosted by Automotive News. "We're just making great progress." Ford will continue to invest in Volvo up until the day the deal closes and will "support Volvo for as long as it takes," he added. "Volvo is just a fabulous brand, it's a global brand," Mulally said. "We are divesting these other brands not because we don't like them -- they are fabulous brands -- (but) our point of view going forward is, we need to focus on Ford."
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China's BYD takes aim at US market with electric carDetroit, Michigan (AFP) Jan 12, 2010 China's Build Your Dreams Auto took aim at the US market Tuesday with the unveiling of a four-door electric car at the Detroit auto show. BYD aims to have the e6 ready for sale in North America by the end of 2010, which would make it the first Chinese automaker to enter the highly competitive market. "As a major developer and manufacturer of electric vehicles, BYD is devoted to safe, efficient and affordable electric vehicles," said Henry Li, general manager of BYD Auto Trade Export. ... read more |
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