This time last year, Ford Motor Company announced a $997 million (USD) profit – which wasn’t too bead considering the economic times. This year, though, Ford have announced that in the 3rd quarter of this year, the company has earned a massive $1.7 billion – the highest takings since 1990!
Posts Tagged ‘Volvo’
French car maker Renault has held talks with Ford about a possible purchase of Volvo cars, reports Reuters.
The two companies met last autumn to discuss a possible deal, but apparently the talks ended after the parties failed to agree on the value of the Swedish car maker.
Remember the Volvo S60 concept that was unveiled at this years NAIAS? Well apparently it debuted Ford new 1.6 litre EcoBoost 4-cylinder engine – which is a pretty impresive engine.
In recent times, Volvo has been rumored to be the next brand to be sold off Ford PAG’s (Premier Auto Group) list of marquees. But time after time Ford has denied these claims. Now with Ford looking to keep hold of Volvo, it appears some housekeeping needs doing…