SC90 concept shows Volvo has come a long way

Looks like the light bulb turned on for somebody at Volvo because this SC90 concept is hot! Volvo has come a long way but their cars are still pretty boring. Volvo should fast track this beauty and get it in showrooms ASAP.

From Motorcrave.com:

As a whole, Volvo vehicles have come a long way from their ultra-boxy, stackable roots. Do a quick comparison of Volvo’s current line vs. its line from 25 years ago, and you’ll see just how much style Volvo has injected.

Read the full article here.

  

Should Ford keep Volvo?

Should can Ford still keep Volvo? Can they? Is it too late? That’s not the first I heard that question in the last few days and it won’t be the last until Volvo sells. Now that the auto market is slowing coming back to life you have to really wonder if getting rid of Volvo for a bag of chips is the right move for the Blue Oval. So far Mulally has been on the money so I’m going with his call on this one. But, I must say that Volvo is looking better everyday.

From AutoNews.com:

I found the nicest new product debuting at the Geneva show to be the Volvo S60 sedan. So I began to wonder: Is it too late to reverse Ford’s decision to sell Volvo?

Although Ford says it is still on track to complete the sale of Volvo to Zhejiang Geely Holding Group of China by the end of the month, we have seen many auto deals change course recently.

For instance, General Motors Co. decided to keep Opel rather than sell it to Magna International.

Read the full article here.


Photo from fOTOGLIF

  

Ford expects Volvo deal with Geely

This is good news for Ford as they will finally move on from the disastrous “Premium Automotive Group” dream of years gone by! But the bigger news in the aggressive Chinese auto firms that include Volvo suitor Geely Automotive. The Volvo move is another round of the Chinese building distribution in the North American market that should pay off big time when they hit the ground running. This whole market will change once the Chinese arrive!

From the Detroit News:

Ford Motor Co. today said it is close to finalizing a deal to sell its Swedish luxury brand, Volvo, to China’s Zhejiang Geely Holding Group Co.

In a statement released this morning, the Dearborn automaker confirmed that “all substantive commercial terms relating to the potential sale of (Volvo) have been settled,” but added that “some work still remains to be completed before signing — including final documentation, financing and government approvals.”

Geely released its own statement today — one that sought to reassure Volvo employees and the Swedish government.

Read the full article here.

  

Chinese companies in running for Volvo

volvo-c70

Ford is trying to recoup its initial $6.45 billion investment Volvo by selling the brand. That seems like a challenge in this market, but it looks like several Chinese companies are in the running.

Well, today we have word via Chinese news reports that Chery, for one, has been given the greenlight to enter the Volvo lottery by the Chinese government. Other interested parties are rumored to be Dongfeng Motor Group and Chongqing Changan Automobile Co, along with a “European constellation,” whatever that means.

This would be a nice shot in the arm for Ford. In one sense it’s distressing to see the Chinese scooping up brands around the world, but that’s not a problem if Ford gets a fair price.

  

Saturn may bite the dust

saturn-sky-2009

The GM restructuring plan is now expected to be rather bold, and many are predicting that the Saturn brand will not survive.

“I haven’t heard about what is in General Motors’ plan in detail, but it looks like it will be more maximum than minimum. In other words, it will be quite aggressive, and I don’t know whether this will include plant closings or elimination of brands,” said David Cole, head of the Institute for Automotive Research in Ann Arbor, Mich.

Meanwhile, Bob Lutz, who is slated to retire as GM’s vice president of product development, told the Automotive News that Saturn likely would not survive the restructuring plan.

“My personal favorite would be to see Saturn survive and prosper. But frankly, the reality is that that is probably not going to be the outcome,” Mr. Lutz said. Neither he, nor other GM officials could be reached for comment on Saturn’s future.

“We spent a huge bundle of money in giving Saturn an absolutely no-excuses product lineup, top to bottom. They had a better and fresher lineup than any GM division, and the sales just never materialized. So we have to act on that. It’s our duty,” Mr. Lutz told Automotive News.

Working against the idea of axing Saturn is the enormous amount of money that would have to be spent to settle with dealers and the potential lawsuits from them that would probably follow. That happened with Oldsmobile.

Rob Cochran of No. 1 Cochran in Monroeville and Robinson said he held out hope that Saturn would continue as a brand.

“I know that Saturn is … exploring a lot of options. The dealers met last month in New Orleans and there were three or four options on the table,” Mr. Cochran said. “We are waiting to see what those alternatives are.”

He added, “Mr. Lutz is famous — or depending on your viewpoint, infamous — for just winging it. He’s a great product person, but a challenge from a PR standpoint.”

Saab is expected to survive, as the Swedish government will likely invest billions to make sure Saab and Volvo remain viable, though details are not yet clear.

  

Related Posts