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Ford quits Australia

Ford is to shut its two Australian production plants after 90 years of making cars there. It blamed the strength of the Australian dollar, along


Ford profit beats forecast

Ford has posted its second best third quarter figures in the company’s history of 1.19 billion euros. It was the 10th consecutive quarterly profit


'To dump Mercury brand'

Ford is reportedly considering a plan to eliminate its Mercury brand because of slumping sales. Sources said the carmaker has been consulting with


Geely's deals on Volvo wheels

The future of Volvo’s car production should still have its heart in Europe, according to the Chinese company that has just agreed to buy the buy the


Volvo sale snag

It seems the talks between Ford and China’s Geely over the sale of Volvo are turning out to be tougher than anticipated. Geely’s chairman Li Shufu


Volvo sale to Chinese closer

Ford has confirmed it is selling Volvo to China’s Geely and said it expected the deal to be completed by the middle of next year. Swedish based


New Ford plant for China

Car giant Ford expects to be in the black in 2011 as it makes inroads into the lucrative Chinese market with plans to construct a new plant there