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Friday, December 31, 2010
Happy New Year 2011!
Wishing everyone subscribed to CarSalesIndia.com a Very Happy and Prosperous New Year! Have a great year ahead!
Thursday, December 30, 2010
Car Accessories
When it comes to car accessories, you basically find two categories in front of you that are known as interior as well as exterior accessories. There are different types of accessories and aftermarket products available in the market, which you can install in your car considering your needs. For instance, if you are planning to upgrade the interior of your car, you should look for accessories like seat covers, audio video systems, interior lighting, mats, etc. On the other hand, exterior customization accessories include rims, tires, spoilers, hood scoops, mirrors etc. There are parts available that will help you to give a desired look to your vehicle. For instance, if you are planning to give a sporty look for your car, you can look for top end accessories.
You will be able to spend as much as you like for making your car comfortable as well as attractive. When you are planning to modify or upgrade your car, the first you should do is to look for a good auto accessory dealer. Apart from buying the accessories from the showrooms, you can also install aftermarket products in your car. However, you should make sure they are of the best quality.
There are also different types of accessories available in the market for your car's engine, which will enhance its performance. As you are using parts for upgrading your engine, it is very important to use the best quality. In case, if you are using any low quality or cheap products to upgrade the engine, it may not able to give you the best performance. Therefore, when you are selecting a dealer, it is very important to look for a reputed one.
There are also many specialists operating in the market, who will completely upgrade your car, which include the interior, exterior and engine. This will improve the comfort factors, performance as well as visual look of your vehicle. When you are looking for the best quality Car Accessories, make sure you taking some effort to do a thorough research.
The author is revealing the secrets for searching effective online resource about Car Parts and Car Performance Parts.<!--2492634b371245f8aeabad70ca175900--> |
Car Loan Modification
Having useful information allows you to make a well-informed decision about moving forward with a car loan modification. The top questions and concerns that many borrowers have on their minds are outlined below.
What is a car loan modification?
A car loan modification allows a borrower to adjust the terms of their contractual agreement so that it can better accommodate changing financial circumstances. Modifying the loan terms can avoid car repossession and negative reporting to credit bureaus.
How can it help me?
When you are able to enter into a car loan modification, you can reduce car payment by having a lower interest rate, a repayment period extension and a roll-back of missed payments into the loan.
Will it cost me anything?
While most lenders will not require any upfront expense, some will compel a borrower to pay a portion of the interest applicable to payments that are being rolled back into the loan. It is often seen as consideration for modifying the original contract.
Can I use it if I'm already delinquent?
Depending on the lender, a car loan modification may be available for delinquent accounts. Typically, if you have less than 3 missed payments, a lender will work with you on adding them on to the back-end of the loan. This means that your final payment would be due 3 months later than the original contractual date if you were to be approved.
Is it available for other types of vehicles?
A modification is also available for other types of vehicles such as an RV, yacht or boat. This allows the owner to keep their favorite pastime vehicles by acquiring a more affordable monthly payment.
Car Engine Modification
In order to get every last bit of performance and horsepower from your vehicle, you'll require investing in some modifications. As modifications like wing spoilers, body kits, aftermarket breaks, and performance wheels all of these gives performance benefits to your car; merely setting up your car engine to the fullest will assist you to produce the horsepower required to increase your car over the rivalry down the strip or the street. The following are several well-known ways in how to modify the engine of your car and obtain the performance that you want badly:
• High Performance Radiators - An engine with high performance gives added power, and, as a result, added warmth. This radiator will be required to maintain its coolness. These radiators are made to manage a lot of pressure ranges and higher temperatures compared to OEM radiators. These will assist in keeping your engine performance protected from running smoothly and overheating regardless of anywhere you run your vehicle.
• Cold Air Intake - This can increase and boost the performance of your car engine by a considerable amount. OEM intakes pull in warm air from just about the engine bay, which reduces the capabilities of the performance of your car engine. By supplying a cold stable stream of thick air, the intake of cold air can provide you improved ignition, which provides additional power per stroke, zooming you down the street with superior pleasure.
Turbos and Superchargers -These could boost the performance of your car's engine to a deliberately superior level. Each method provides unlike benefits, and so it will require choosing the one that is right for your requirements. For example, a supercharger provides enhancements in the performance across a broad array of the power band. A turbo, alternatively, offers a performance greater at superior ranges on the RPM (on the whole, a supercharger is immense for the street, while a turbocharger is perfect for the track).
• Custom Ignition System - This can work wonders for your engine. High-tension wires and spark plugs performance could put in horsepower into your engine. Additionally, timing that is advanced could also give you a push that is greater. Performance wires and plugs give more sparks; this is what drives the pistons and ignites the fuel inside your engine. When put together with the intake of cold air benefits, this system of custom ignition will provide you enormous boost in performance.
These are only a small number of car engine modifications that you'll be capable of doing consecutively to make the most of performance and power. Having the exact tools and a bit of assistance, you can increase the performance of your engine to unbelievable heights.
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Custom Car Modifications
Custom car modifications help to improve the performance of cars. They help cars to last long and function better. Such modifications can be quite technical; only a person who knows the technicalities can understand the modifications properly. Let us take a look at the probable modifications that can change your car performance drastically.
* Engine Tuning - This is the process of adjusting and modifying the design of the internal combustion engines, which help to produce the best possible performance level. Engine tuning also helps to increase the power output and the durability of an engine. 'Tuning' covers a wide range of activities like the routine adjustment of the carburetor and overhauling of engines. It also involves decisions regarding engine re-designing.
* Ignition System - The ignition system is the most neglected area when it comes to customization. Many people limit their ignition system modification to fixing the time. But it needs more detailed attention. You need to make sure that the spark is strong enough to ignite the fuel. The next thing that you need to take care of is the rate at which the flame travels. This depends on three factors - the turbulence of the fuel inside the combustion chamber, the quality of the fuel and the design of the combustion chamber. The other parameters that might need a thorough checking are the ignition coils, the ignition leads, etc.
* Cylinder Head Porting - This is the process of modifying the exhaust and intake ports of the internal combustion engine. This improves the quantity and quality of the gas flow. Cylinder heads that are supplied with the car are usually mediocre. Porting the cylinder heads helps to scrutinize them and modify them accordingly, assuring the highest efficiency level.
* Turbochargers - They usually serve the large diesel engines and high performance sports cars. Turbochargers are the types of forced induction systems. They compress the air that enters the engine. This facilitates the system to use more fuel. A turbocharged engine can produce more power than an uncharged engine.
* Suspension Tuning - The suspension system is responsible for comfortable driving. It assures safety by carrying the vehicle body and transmitting all the forces to the road. The modifications that take place due to the suspension tuning can change the car's performance considerably. Many think that switching over to tougher spring systems can help, but in reality, the entire process can be rather intricate. One has to make sure of maintaining a proper balance between performance and drivability.
Are you facing issues with your car? Carz.com gives you an overview of their available servicing garages. Be it BMW, Honda or Ford - Carz.com can perform custom car modifications on all! |
Wednesday, December 29, 2010
Lamborghini Sesto Elemento is already listed for sale at €2M
The Sesto Elemento concept was conceived as a design study, technology and previewing the styling we might expect to see on the next generation of Lamborghini supercars.A few months back, shortly after it was revealed at the Paris Motor Show, reports began to become apparent suggesting that the Italian automaker could put it into production, however limited.
Now the car is listed for sale by an exotic car dealership in Germany. Although the reported original listing on the mobile.de online marketplace is no longer there to be found, it is still up on Auto Salon Singen's website with an approximately €2 million ($2.63M USD) list price – €1.9m before tax, €2.3m after.
Lamborghini Sesto Elemento is already listed for sale at €2M
The Sesto Elemento concept was conceived as a design study, technology and previewing the styling we might expect to see on the next generation of Lamborghini supercars.A few months back, shortly after it was revealed at the Paris Motor Show, reports began to become apparent suggesting that the Italian automaker could put it into production, however limited.
Now the car is listed for sale by an exotic car dealership in Germany. Although the reported original listing on the mobile.de online marketplace is no longer there to be found, it is still up on Auto Salon Singen's website with an approximately €2 million ($2.63M USD) list price – €1.9m before tax, €2.3m after.
Tuesday, December 28, 2010
Mobil Hybrid
Saat ini teknologi Hybrid lagi gencar-gencarnya dipopulerkan. Hal ini dikarenakan makin maraknya isu global warming. Toyota dan Honda meupakan pabrik mobil yang lagi mempopulerkan Teknologi Mobil Hybrid sebagai solusi menghemat BBM dan mengatasi pencemaran lingkungan. Cara kerja mesin listrik dengan prinsip regenerative (isi ulang/recharging saat kendaraan sedang beroperasi) pada mesin hybrid, berbeda dengan mobil tenaga listrik penuh. Mobil tersebut tidak bisa mengisi ulang listriknya. Bila listriknya habis, Batterai/aki harus di-charge secara khusus dengan waktu 8 hingga 12 jam (untuk teknologi charger onboard). Khusus mesin hybrid, mesin listriknya bisa mengisi ulang ke aki dengan memanfaatkan kinetic energy saat mengerem (regenerative brakeing). Bahkan sebagian energi mesin dari mesin bensin/solar/bio fuel saat berjalan listriknya bisa disalurkan untuk mengisi batterai/aki. Dengan sistem operasi seperti ini maka akan terjadi penghematan BBM. Di Kota Tokyo Jepang, truk dan bus sudah banyak yang memakai tenaga mesin system hybrid karena dinilai amat efisien/hemat BBM dan mengurangi polusi. Jenis mesin hybrid secara umum ada yang memakai sistem paralel dan sistem seri, namun yang paling umum adalah parallel. Mesin listrik pada kendaran hybrid sebenarnya hanyalah sebagai penunjang atau bisa disebut booster, pada mesin utama yang memakai bensin ataupun solar. Mesin listrik yang kecil pada kendaraan jenis hybrid tak akan kuat menjalankan mobil secara normal. Perkembangan teknologi mesin hybrid memang kini semakin pesat. Begitu pula dalam pengisian ulang listriknya yang semakin canggih, cepat, dan tenaga mesin listriknya semakin besar.
Volvo Air Motion Open Air Car Design Concept Futuristic Car
Sport futuristic car Volvo Air Motion design concept presented at Los Angeles Auto Show Car Design Challenge Competition, Volvo car Maker Company. Unique open air car design technology whole innovative level with its “lighter than a Formula 1 racing car” study vehicles development. New Volvo Air Motion’s aerodynamic car body mirrors design the look of a clam shell and are built from an ultra light carbon fiber material that tips the scales at less than 1,000lbs. In addition its strong however ultra-light body kit structure, the Volvo Air Motion car concept auxiliary adds to its superlatives eco-friendliness, as it is not using a single drop of gasoline while driving wild.
Volvo built Volvo Air Motion concept car through fewer components and replaced the heavy internal combustion engine with powerful, nevertheless simple minimalist, compressed air motors. To compress the air wanted for the centrally mounted air tank, Volvo came up with a design for Air Replenishment Sites. Intended at enthusiast, Volvo Air Motion can be seen at the show in 1/4 scale model displayed in the area that connects the South and the West Halls. It fully showcases the beauty and purity of Scandinavian vision and further delivers a guilt free, raw driving experience.
Porsche 997 V-RT Car Edition Turbo Engine Refined Vorsteiner
http://impressivecars-impressivecars.blogspot.com/Take a look at this new car design Porsche 997 V-RT super sport car with new innovation Turbo engine official photos gallery shown below. If you not yet see the Porsche 997 V-RT specs before, read the car press release when the car tuning package and test drive performance report also included. Porsche 911 Turbo was refined by Vorsteiner which make some creative car modification with installing an aerodynamics vehicle body kit and a set of huge luxury alloy wheels. Vorsteiner Porsche 911 V-RT car model features new body kit consisting of larger carbon fiber air intakes exclusive of fog lights as in the Porsche GT2 vehicle version. At the rear view, the tuning specialists installed, presented to buy new car font bumper with a twin-finned carbon fiber rear diffuser for the quad exhaust system.
http://impressivecars-impressivecars.blogspot.com/
http://impressivecars-impressivecars.blogspot.com/ The Porsche 911 V-RT race car rims are three-piece V-306 20″ fitted with Michelin Pilot Sport PS2 tires for maximum grip at the race track as well as the public roads. The Porsche 911 V-RT engine is 3.6 litre twin-turbocharged flat-six with 480PS (353 kW) and 620Nm of torque. It catapults the car 100 km/h in 3.7 seconds (manual) and the top speed is 310 km/h (193 mph). There is an optional Sports Chrono overboost package, which increases torque to 680 Nm (500 lb-ft). More information, visit Porsche official website.
http://impressivecars-impressivecars.blogspot.com/
http://impressivecars-impressivecars.blogspot.com/
http://impressivecars-impressivecars.blogspot.com/Monday, December 27, 2010
Sunday, December 26, 2010
Saturday, December 25, 2010
Friday, December 24, 2010
2011 FORD MUSTANG V6 RATED 31 MPG HIGHWAY, MOST EFFICIENT 300+ HP CAR EVER
The pony car wars are about one-upsmanship if nothing else. The Ford Mustang held court for years while Chevrolet and Dodge had their horses on hiatus, but times have changed. The new Camaro has been whaling on the Mustang ever since its return, beating the Ford in sales for nine months straight and offering a range engines that are at once more powerful and efficient than the Blue Oval’s aging mills. Advantage: Camaro.
The Mustang, however, received a nicely executed redesign for its 2010 model year and, as is Ford’s way, the automaker waited another model year to introduce its new range of engines. You already know all about the return of the storied 5.0 moniker on this year’s new Mustang GT. You also know that the V6 model is replacing its Civil War era 4.0-liter engine with a more powerful and efficient 3.7-liter. Powerful as in 305 horsepower, but how efficient? We didn’t know before but we do now. The 2011 Ford Mustang V6 will achieve 19 miles per gallon in the city and, more noteworthy, 31 mpg on the highway.
The V6 model’s rating of 30 mpg highway (when paired with the six-speed auto mind you, the manual version achieves 30 mpg) is noteworthy because, well, it’s 2 mpg more than the slightly less powerful 304-hp Camaro V6. Also, it’s a record for being the first 300+ hp vehicle to be officially rated at 30 mpg or more. Wow, think about that. It’s never been done before. Sure, the new Mustang V6 is only marginally more powerful and efficient than its Camaro counterpart, but clawing above that 30 mpg mark will no doubt get Ford’s thoroughbred some extra ink in the press.
Follow the jump for Ford’s official press release on the matter, in which it explains a little more how those magic numbers were achieved (Spoiler: aerodynamics, super smart six-speed auto and electric power assisted steering).
2011 Mustang GT to Pace Daytona 500, Ford to Build Limited Run Edition for the Public
In a first for the Mustang and the first time for Ford since 1970 when a Torino GT Convertible did the honors at the Daytona 500, a Blue Oval model will be pacing the field for the NASCAR season-opening race on February 14 at the Daytona International Speedway.
The car of choice is none other than the refreshed 2011 Mustang GT that’s powered by Ford’s new 412 horsepower 5.0-liter V8 engine linked to a 6-speed transmission. Interestingly, Ford said that the actual pace car will be auctioned off for charity before the race at this week’s Barrett-Jackson.
But fear not because Ford also announced that it is planning to build another 50 examples of the 2011 Mustang GT Daytona 500 Pace Car to sell to the public.
Each example of the limited run series will feature a special Daytona 500 paint scheme, Ford Racing suspension, strut tower brace and mufflers, unique painted wheels, and special interior treatment, including specially branded lit sill plates.
Ford Reintroduces us to Bond's New Girl, Olga Kurylenko
As an official sponsor of the new James Bond film called ‘Quantum of Solace’, Ford gets the chance to promote its vehicles in all sorts of ways, on and off the movie set. In 007′s new adventure that opens in UK and French cinemas on October 31st, with the rest of the world following in November 2008, Ford’s new KA mini makes a cameo appearance by the side of Camille played by Olga Kurylenko. In case it slipped your attention, she’s the foxy lady sitting next to the Ka in the picture above. -Continued
To celebrate the Ka’s cameo role, Ford is promoting a series of media features for the latest Bond girl including a special on MTV where a viewer is selected to be transformed into an authentic 007 girl and a behind the scenes feature through the eyes of Olga Kurylenko from E! Entertainment.
Ford S-MAX and Galaxy MPV Facelift Photos Leaked
The first official shots of Ford’s European market 2010 S-MAX and Galaxy MPV have hit the web ahead of an anticipated unveiling in January 2010. Looking at the photos it appears that the slightly shorter S-MAX gains a new lower grille design that brings it in line with Ford’s latest offerings such as the Fiesta hatch along with a reshaped front bumper that houses a pair of LED lights.
The new tail lamps and alloy wheel designs round off the exterior changes on the S-MAX while there don’t seem to be any visible updates to the interior.
We’ve only got one photo of the 2010 Galaxy MPV, but from what we can tell, changes are limited to the revised upper grille, the new alloys and the restyled front bumper.
It is reported that both minivans benefit from a new diesel engine, however, this has not been confirmed by Ford.
We’ll have more on the restyled S-MAX and Galaxy MPVs as soon as Ford comes out with an official announcement.
Ford Galaxy MPV Facelift gets New 2.0-Liter EcoBoost Turbo Petrol with 203HP
This is the subtly facelifted Ford Galaxy MPV that will be making its world debut at the 2010 Brussels Show on January 13. Aside from some minor cosmetic and equipment upgrades, the revised seven-seater minivan marks the debut of Ford’s all-new, high efficiency, 2.0-litre EcoBoost turbocharged petrol engine while the company also tweaked the 2.0-liter turbo diesel units.
The new 2.0-liter EcoBoost STCi petrol with turbocharging and direct injection churns out 203HP at 5,500 rpm and a maximum torque of 300Nm or 221 lb-ft, which is delivered across a broad 1,750-4,500 rpm range.
Linked to a standard dual-clutch transmission, the 2.0-liter unit propels the Galaxy MPV to 100km/h (62mph) from standstill in 8.8 seconds and on to a top speed of 217 km/h or 135mph.
The 2010 Galaxy will also be available with an upgraded 2.0-litre Ford Duratorq TDCi diesel engine in 115, 140 and 163HP variants that come equipped with a standard 6-speed manual gearbox and optionally, with Ford’s Powershift dual-clutch transmission.
On the outside, the new Galaxy features a subtly redesigned snout with a more sculpted bonnet, revised lower and upper grilles along with new silver roof rails and LED tail lights.
The refined climate control and the introduction of a Blind Spot Information System, a new Adjustable Speed Limiter Device (ASLD), a keyless system and Ford’s EasyFuel capless refuelling system complete the changes.
Ford S-MAX gets a New Snout and 203HP 2.0-Liter Turbo Gasoline Engine
Along with the revised Galaxy MPV , Ford -officially- unveiled today the minivan’s ‘sportier’ sibling, the facelifted 2010 S-MAX that will also make its public debut at the 2010 Brussels auto show next January. Being twin-models, the two people carriers share most upgrades including the introduction of Ford’s new 2.0-liter EcoBoost STCi petrol engine and the new diesel lineup.
However, the S-MAX’s makeover is a little more noticeable that that of the 2010 Galaxy. At the front, the new S-MAX gains a redesigned bonnet, bumper and upper and lower grilles, with the high series models now featuring distinctive LED daytime running lights.
Meanwhile, at the back, the seven-seater minivan gets a more dynamically profiled tailgate, a tweaked lower fascia, and reshaped LED tail lights.
Interior upgrades concern the new multifunctional overhead console, an available one-piece panorama roof equipped with power sun blinds, a new LED interior lighting system and revised upholstery colors, graphics and materials.
Like the Galaxy, the S-MAX will be offered with Ford’s new 2.0-liter turbocharged EcoBoost petrol engine featuring direct injection that delivers 203 horsepower at 5,500 rpm and 300 Nm of torque from 1,750 to 4,500 rpm.
The new powerplant is linked to Ford’s dual clutch transmission that drives the front wheels. According to Ford, the S-MAX EcoBoost accelerates from 0 to 100km/h (62mph) in 8.5 seconds and has a top speed of 221 km/h or 137 mph.
Ford says that the new gasoline motor will produce 189g/km of CO2 with a combined fuel of 8.1lt/100km or 29.0mpg US / 34.8mpg UK.
At the same time, Ford’s diesel offering for the new S-MAX have has been improved with the upgraded 2.0-litre Duratorq TDCi engine family now complying with Stage V emission regulations. The diesel unit is available in three power levels with 115, 140 and 163 horsepower.
The 2010 S-MAX and Galaxy will go on sale across Europe early year.
All-New Ford Focus Hatchback and Sedan Officially Revealed, Identical in All Markets
The next-generation Ford Focus made its worldwide debut today at the North American International Auto Show (NAIAS) in Detroit. One of the key highlights is that Ford’s new C-segment competitor with rivals such as the VW Golf / Jetta, Chevy Cruze, Toyota Corolla and Honda Civic, is that it will be nearly identical in all markets sharing 80 per cent of its parts around the world.
At Detroit, Ford showed off the five-door hatchback and four-door sedan versions of the new global Focus. Both models share the same styling that marks the next evolution of Ford’s kinetic design form language.
That translates to a crispier and more dynamic design that combines styling features seen in the new Fiesta and the European Mondeo.
The same can be said about the Focus’ interior design that was previewed through the MPV variants of the car, the five-seat C-MAX (Europe) and seven-seat Grand C-MAX (Europe and North America).
Ford says that one of the key elements of the interior is the quality of craftsmanship with the soft-touch materials and the choice of trim all helping to give occupants “the feeling that they are travelling in a higher-class car”.
The new Focus has been developed by a global team, led from the firm’s European small and medium vehicle centre in Merkenich, near Cologne, Germany, with powertrain development spearheaded by the company’s technical centre in Dunton, England
Underneath, the 2011 Focus makes use of Ford’s new mid-sized architecture. The company claims that the Focus will raise the benchmark in handling once more blending “outstanding steering precision and road feedback with significantly improved refinement and ride control.”
The 2011 Focus sticks with front-wheel drive, powered by a new family of engines. European buyers will get 1.6-liter and 2.0-liter Ecoboost turbocharged petrol units as well as improved Duratorq TDCi common-rail diesels offering reductions in fuel consumption between 10 and 20 per cent over the outgoing models.
In North America, the Focus will be offered with a new 2.0-liter four-cylinder engine with Twin Independent Variable Camshaft Timing (Ti-VCT) and direct injection (DI) delivering an estimated output of 155-horsepower and 145 ft.-lb. of torque.
Depending on the market, the engines will be linked to either manual gearboxes and Ford’s new dual-clutch PowerShift six-speed automatic transmission designed to deliver better fuel economy than comparable automatics.
Production of the next-generation Ford Focus will begin simultaneously in Europe and North America in late 2010, with sales set to start globally in 2011. Ford said that initial production will be concentrated at the Saarlouis (Germany), Michigan (United States) and Chongqing (China) Assembly Plants.
Within the next two to three years, the Focus range will expand to include a three-door hatchback, a station-wagon and quite possibly, a coupe-convertible model, though it remains to be seen if these variants will be sold in all markets.
Ford Confirms All-New Focus and 2011 Lincoln MKX for Detroit Show
On Monday, January 11 at 8:45 am EST, Ford will take the wraps off its brand-new 2011 Focus at the Detroit auto show, while on Tuesday morning, the company will reveal the less significant, 2011 Lincoln MKX midsize crossover. The Fiesta’s new big brother -both in terms of size and styling- is quite possibly one of the most important Fords of the past few decades as it will be a truly global car.
Unlike the current Fiesta which had to be redesigned for North America to address safety, emissions and powertrain issues thus sharing only 60 per cent of parts with its European counterpart, the 2011 Focus has been engineered for all international markets right from the beginning.
According to Ford, around 80 percent of the2011 Focus parts by value will be common between the North American and European versions.
Depending on the market, the new Focus will be offered in various body styles including three- and five-door hatchbacks, four-door sedan and a hardtop convertible (CC).
Ford has already unveiled the MPV variant of the new Focus in the form of the new five-seat C-MAX and its longer, seven-seater sibling, the Grand C-MAX at last year’s Frankfurt Motor Show – pictured below. The Grand C-MAX has been confirmed for the U.S. with sales set to start in late 2011.
In Europe, the new Focus and the C-MAX models will be offered with several diesel and petrol engines including Ford’s new 1.6-liter EcoBoost turbocharged petrol with outputs ranging between 150 and 180 horsepower while in North America, there’s talk about a new 2.0-liter four-cylinder gasoline unit with direct injection.
Both of these petrol units will be offered with Ford’s dual clutch transmission.
We’ll have the full story on the new Focus on Monday.
Ford Confirms Deal with China's Geely on Volvo Sale
While General Motors is still trying to figure out what it’s going to do with its Saab division, Ford Motor Company announced today that it has settled all substantive commercial terms with China’s Geely Holding Group Company Limited on the prospected sale of its Volvo unit.
Ford added that while some work still needs to be done before the deal is sealed such as final documentation, financing and government approvals, the company anticipates that a definitive sale agreement will be signed in the first quarter of 2010, with closing of the sale likely to occur in the second quarter of the same year.
“The prospective sale would ensure Volvo has the resources, including the capital investment, necessary to further strengthen the business and build its global franchise, while enabling Ford to continue to focus on and implement its core ONE Ford strategy,” Ford said in a statement,
The Detroit automaker added that it would continue to cooperate with Volvo Cars in several areas after the sale, but it does not plan to retain any shares in the business.
It is said that Geely is offering the U.S. automaker somewhere around $2 billion dollars for Volvo Cars which is less than a third of what Ford paid for the Swedish brand a decade ago.
With the prospected sale of Volvo, Ford will offload the last brand in the Premier Automotive Group that also included Jaguar, Land Rover and Aston Martin.
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