Ford Motor Co.'s appointment of veteran executive Stephen Odell to head its Volvo Cars operation likely means the U.S. automaker plans to keep the Swedish automaker and fix its problems rather than sell it, according to several industry analysts.
Newsweek: ‘Big Three’ combo could save Detroit
Ford Motor Co. said Monday says it is considering selling Volvo Car Corp. as the struggling U.S. automaker seeks to raise cash and weather the industry crisis.
The board of General Motors Corp met on Sunday to review a restructuring plan intended to cut costs and win support for up to $12 billion in emergency funding from the government.
The head of the United Auto Workers union made a public plea Sunday for government help for U.S. carmakers as they put the final touches on stabilization plans to submit to Congress.
Speed-obsessed drivers used to have to shell out big bucks for high performance. Want to go zero to 60 mph in 2.46 seconds? That'll be $1.5 million for a Bugatti Veyron, please.