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Archive for the ‘Volvo – DO NOT USE’ Category

Ford agrees to sell Volvo to Chinese automaker

Wednesday, March 31st, 2010

Officials with Ford have reached an agreement to sell the company’s Volvo brand to China’s Geely Holding Company in an effort to streamline their business and become profitable again.

The sale marks the second time in as many months that an American automaker had agreed to hand over one of its divisions to a foreign power at a reduced price due to financial difficulties. Last month, General Motors sold its Saab brand to the Dutch supercar maker Spyker after nearly shutting down the division just weeks before the deal was signed.

As part of the agreement, Geely will pay Ford approximately $1.8 billion by the end of the third quarter, and the Detroit-based automaker will continue to build powertrains, stamping and other parts for Volvo after the sale is completed, according to Auto Week.

As for Volvo, which has become a hallmark for quality engineering and vehicle safety, Geely plans on “liberating” the Swedish brand by aggressively developing and marketing vehicles on a worldwide level.

“China, the largest car market in the world, will become Volvo’s second home market,” Geely chairman Li Shufu said in a statement. “Volvo will be uniquely positioned as a world-leading premium brand, tapping into the opportunities in the fast-growing China market.”

Shufu added that his company plans to invest at least $900 million of new capital into Volvo in the near future, and will open a new production facility in China to increase development in the East. However, Geely will not move Volvo’s main development offices nor its Swedish headquarters, and plans to keep the two companies completely separate, Reuters reports.

Meanwhile, the sale will allow Ford the financial flexibility to develop and manufacture new lines and to concentrate on the domestic market, where they have always had the most success.

Unfortunately, the agreement might spell the end for Ford Company veteran Steven Odell, who is expected to step down as the chief executive officer at Volvo soon after the sale is completed. However, many believe that Odell, who has been a major player within Ford’s organization for years, will stay on with the company after being relieved of his duties, Business Week reports.

“Odell’s been with Ford so long and is loyal to it; that’s where his heart is,” said Thomas Ivonen, a board member with Volvo. “I feel certain he will remain with Ford.”

2005 Volvo XC90 combines safety, power and luxury

Wednesday, January 20th, 2010

Families in the market for a used car in New Jersey may want to take a look at the 2005 Volvo XC90, one of the safest, most reliable SUVs in its class.

The hallmark for almost every Volvo model is its safety features. The XC90 has a gyroscopic sensor that that can detect an imminent rollover and correct the imbalance by applying brakes and modulating engine power, according to Automotive.com. It also comes standard with electronic stability control and curtain-style head protection airbags that cover all seven passengers.

The XC90 also has a high-strength steel roof and a low-front cross beam that are specifically designed for passenger safety. The automobile information website Edmunds.com says that the SUV is “safe as a bank vault.”

Volvo’s first sports utility vehicle has third row seating that accommodates up to seven passengers. The 2005 model is available with a V8 engine in addition to the five and six-cylinder models. The standard 2.5-liter five-cylinder engine produces 208 horsepower and 236 pound-feet of torque at 4500 rpm.

The 2005 XC90 is surprisingly fuel efficient and has the smooth ride of a compact sedan.

Ford agrees in principle to sell Volvo to China’s Geely Auto

Monday, December 28th, 2009

Officials at Ford Motor Company have recently announced that they expect to sell the Volvo car brand to China’s Zhejiang Geely Holding Group by the first quarter of 2010, which may attract attention to used Volvo models in New Jersey.

The value of the deal is expected to be estimated at $1.8 billion, which pales in comparison to the $6.45 billion that Ford paid to purchase Volvo in 1999, according to Reuters.

In a statement, authorities at Ford said that the 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,” according to AutoWeek.com.

Ford, the only U.S. automaker to avoid bankruptcy and a government bailout, may use the money to accelerate debt repayment in an effort to return to profitability by 2011.

Meanwhile, Li Shufu, the founder of the Zhejiang Holding Group, has announced that the Swedish auto brand will be left intact if the sale is finalized.

“If the deal succeeds, nothing will change for Volvo, except the boss turns to Li Shufu,” Li told the official Xinhua news agency, quoted by Reuters. “Volvo and Geely will be two independently-managed brands.”

Ford has said that there is still a significant amount of work to be done before the sale is finalized, including Geely securing financing and having the Chinese government sign off on the deal. Ford does not plan on retaining a shareholding in Volvo after the deal is finalized.

The possibility of the Swedish automaker changing hands may increase the appeal of used Volvo models in New Jersey.

Geely deal going smoothly; Used Volvo S60Rs in New Jersey could look better than ever

Thursday, December 17th, 2009

Li Shufu, chairman of Geely Holding Group, says the company’s deal with Volvo hasn’t hit any hiccups so far, which could mean consumer confidence in used S60Rs in New Jersey could be on the uptick.

Geely doesn’t want to talk too much about the Volvo deal right now. The Chinese company says there are too many rumors circulating around the acquisition, so discussing it probably wouldn’t help. The possibility of a merger was first announced by Ford, currently Volvo’s parent, in October.

In early December, indications of progress began to appear, as Ford and Geely reached an agreement regarding an intellectual rights issue that concerned Volvo, which some industry analysts believed was the deal’s biggest obstacle.

Lately, Geely has been shopping around for transmissions for its vehicles with larger engines – motors with a displacement of bigger than 1.5 liters. The Chinese automaker seems to have taken an interest in DSI, an Australian manufacturer, meaning some Volvos might become more international than ever before.

The S60 could be one of the Volvos to receive an Australian transmission, as the all-new second generation model – whose production will begin in Ghent, Belgium, during the summer of 2010 – won’t come with an engine that’s smaller than 1.6 liters big.

“The all-new Volvo S60 is sculpted to move you,” says Stephen Odell, CEO of Volvo. “It looks and drives like no other Volvo before and the car’s technology will help you to be safer and more confident behind the wheel.”

Odell’s claims are ambitious. Not because they seem exaggerated, but because the first generation S60R was quite an automobile. In 2003, Car and Driver tracked a 2004 S60R and it did nothing but produce results.

Hans Nilsson, R-car line manager, told the publication that Volvo spent 10 times more on the S60R than it had on any past R model, the most recent having been the 1995 T-5R wagon at the time. All that extra money got the Swedish manufacturer a 300-horsepower, all-wheel drive, Brembo brake-equipped powerhouse with a hefty price tag of roughly $37,500. As pricey as that may have sounded back then, the Mercedes C32 AMG of the same year was over $14,500 more expensive, making the Volvo a pretty good deal.

Though the second generation Swedish S60 will be built in Belgium, contain an Australian transmission and will likely be sold by a Chinese company, news of the Geely deal could boost the popularity of used Volvo S60Rs in New Jersey.

Used C30s in New Jersey enjoy Volvo exposure in Twilight

Tuesday, November 17th, 2009

On November 20, the latest installment in the Twilight Saga will debut in theaters, which could spur sales of used C30s in New Jersey and elsewhere.

TopSpeed.com says that two Volvos are featured in New Moon: the C30 and the XC60. The C30 went on sale in the U.S. in late 2007, and came equipped with an in-line five-cylinder turbocharged engine that produced over 215 horsepower. The six-speed manual transmission was one of this car’s most attractive features, as cruising on the highway in the highest gear possible is often a good way to increase fuel economy and most cars only have five speeds.

The C30 was also featured in the first Twilight, which was released in November of 2008. This vehicle is considered a compact, according to Car and Driver, but that doesn’t mean it’s an econobox. The 2007 model sold for about $24,000 and came with a sound system that included Alpine audio components.

The Twilight Saga will continue giving Volvo exposure in its upcoming installment New Moon, which could boost sales of used C30s in New Jersey.

Chinese bidder could make buyers curious about used Volvos in New York

Wednesday, November 11th, 2009

Geely Automobile is a Chinese company that will likely buy Volvo from Ford and has already developed a turnaround plan for the Swedish manufacturer that could attract buyers to used S80s in New York.

Volvo has been losing money lately, according to an article recently published by the Wall Street Journal (WSJ). But Geely wants to buy the Swedish company and start building 1 million Volvos a year, though some industry experts wonder if this can be done.

“Time and again Geely has accomplished what others said was not possible,” Michael Dunne, an auto analyst, said to the news source. “But to boost sales in North America and Europe to 600,000, Geely is going to have to find a way to take a company that is losing money and market share in mature markets and turn it completely around. That would require a stroke of genius.”

With 60 percent of its Volvos selling in the West, Geely would attempt to move the remaining 400,000 elsewhere, according to the news provider. The company would keep 200,000 for its home market.

The S80 is one of the Volvos that was produced under Ford. Although Volvo’s financial performance hasn’t been impressive recently, the S80 offers a lot attractive options such as a six-speed manual gearbox and a 2.5-liter engine that gets up to 22 MPG. A 2005 S80 will generally sell for under $14,000, according to Edmunds.com – a good price for an executive sedan that’s only been on the road for four years.

While Ford and Geely haven’t yet signed a deal, it’s possible that the Chinese bidder’s presence could generate interest in used Volvos in New York.

Chinese bidder could affect sales of used Volvos in New Jersey

Monday, November 2nd, 2009

Buyers looking for used Volvos in New Jersey might be interested to know that Ford is in talks with Geely Automobile of China.

Last year, Ford said that it wanted to sell Volvo so that it can focus on its core brands: Ford, Lincoln and Mercury. Ford acquired Volvo in 1999 from Volvo AB for $6.45 billion. One of the company’s spokeswomen, Maria Bohlin, says the manufacturer is happy to hear the news that Geely is Ford’s preferred bidder.

“It’s positive that it has been confirmed that there’s a preferred bidder,” said Bohlin. “Ford’s objective in our discussions with Geely is to secure an agreement that is in the best interests of all the parties,” said Lewis Booth, Ford’s executive vice president.

Sales of used Volvos in New Jersey could be impacted by Ford’s announcement because the popularity of certain cars is partially dependent on how financially healthy that automobile’s manufacturer is. Many people would choose not to buy a car if they believed the company that produced it were going under, as this could make it difficult to find parts should the car ever need maintenance.

Next Twilight flick to feature vehicle reminiscent of used Volvo XC70s in New Jersey

Wednesday, October 28th, 2009

Twilight: New Moon is set to open on November 20, and the second installment of the series will be the second time that a car resembling used Volvos in New Jersey will be on display.

This time, the XC60 crossover will be driven by vampire Edward Cullen, and while teens who are on the cusp of the PG-13 rating may be keeping a close eye on Richard Pattinson, parental companions may be looking at the midrange SUV instead, according to MediaPost.com

“It was a missed opportunity in the first film because [a C30] had actually four minutes in the film, which is unheard of in product placement,” Linda Gangeri, Volvo‘s national advertising manager, told the website. “It did really well without us doing anything, so with the second film we worked with the studio to develop a global program.”

With more time on screen, parents could consider the XC60, but they could also consider roomier used Volvo XC70s in New Jersey as well.

The 2004 model of the crossover can be cheaper than a new Honda Civic, and comes with standard all-wheel drive that allows it to “[cruise] with seeming effortless,” according to Cars.com

Customers who enjoy European styling may appreciate used Volvo C30s in New Jersey

Tuesday, September 8th, 2009

The rear end of the Volvo C30 has remained unchanged in photos released by the Swedish automaker to advance the 2010 model, and those who appreciate the distinctive styling of the exterior but not the new front fascia may want to consider used Volvo C30s in New Jersey.

New models are expected to more closely resemble Mazda front ends, with air intakes underneath the headlights based on similar designs from the Japanese automaker that has a stake in Volvo. Other changes include the angles of the headlines, a specially-designed bumper and an updated interior.

However, buyers who like traditional appearances may enjoy the 2008 model and other used Volvo C30s that offer the distinctive rectangular grille in a more compact package than other offerings from the Swedish carmaker.

The hatchback seats four adults, and includes safety features like standard side-impact and side curtain airbags, as well as a system that prevents the car from chiming or making unnecessary alerts based on the driving conditions, noted a Cars.com review.

Those features are mated with a 227-horsepower engine and “running gear [that] should help establish the C30 as a hot hatch” similar to the Mini Cooper S or Volkswagen GTI, the website editors added.

Used Volvo S40s in New York may be a worthwhile addition to college freshmen

Friday, July 17th, 2009

As just-graduated high school seniors prepare for their first year of college they may have put a mini-fridge, twin extra-long sheets and maybe even a desk lamp on their packing list. But what about a mode of transportation for campus cruising like a used car in New York?

Especially on suburban campuses, students who have their own transportation may find that they can have access to more off-campus activities, and convince Mom and Dad that the purchase will also allow for more family visits if they have their own car to use for travel home, say AutoWeek editors.

They recently released a list of the best cars for rising freshman to have when they head off to college, and while there are some new cars on the list, the editors also included used cars that are more affordable, especially Volvos which can be reliable even after being driven for thousands of miles.

A used Volvo S40 in New York may offer reliability in a package that Cars.com reviewer Jim Flammang says is marketed to younger buyers.

Unlike some of the cars picked by AutoWeek editors, the 2004 model is a four-door sedan that can fit more people than some compact hatchbacks, he notes, and it still has the safety features found in all Volvos that can ease parents’ concerns as they send their sons and daughters away to school.

Car enthusiasts faithful to Volvo

Thursday, April 16th, 2009

Despite a rumor that the Ford Motor Company may cut Volvo as a subsidiary from the organization, fans of the automobile brand say they will stick with their favorite car no matter what, Atlanta Journal Constitution reports.

George Downs, 70, recently attended a gathering of Volvo fans in San Antonio, Texas and said he drove his 2001 V70 wagon from Bartlesville, Oklahoma for the meetup, according to the article.

“I’ve owned 13 Volvos, and I can tell you that they’re sturdy, rugged, reliable and safe,” Downs told the news provider who was reportedly standing by his car wearing a plastic Viking hat.

Downs added that if Volvo gets dropped by Ford, he would like to see the car company return to the trucks it used to make in 1999.

For many people, the draw of owning a Volvo car is the vehicle’s safety features. The company has received numerous awards in the past for its dedication to ensure driver and passenger safety in the event of a crash.

Recently Consumer Reports listed the 2002 Volvo S60 as one of the best used cars to purchase on the market.

Find Used Volvo cars in the New York Tri-State Area with New Jersey State Auto

Which cars are better used?

Tuesday, February 17th, 2009

According to U.S. News & World Report, people interested in car shopping might want to consider looking at a used car first when it comes to a couple of models.

A number of reports have said it’s a good time to buy a used car with the Dow Jones reporting that used car prices had dropped in the last year, but according to the magazine, there are a couple of cars that would be good used car purchases anyway.

Take the Volvo S60 for example. It’s rumored that a new design for the S60 will be coming out in 2010, which means a 2009 model will depreciate in value more rapidly than normal. But the magazine says a 2005 model might be worth your while as Kelley Blue Book estimates it at $13,585.

Another car the magazine suggests buying used is the Mitsubishi Eclipse. U.S. News says a 2008 Eclipse is around $6,000 less than a brand new model and with a high depreciation rate, it’s likely you can an older model even cheaper.

Across the board it is cheaper to buy a used car today than it was a year ago with the National Automotive Dealers Association reporting that used cars in every category fell in 2008.

In winter weather a Volvo might be a good choice

Wednesday, January 14th, 2009

With recent snowstorms that have battered the East Coast, many people are looking for a New York used car that can handle the snow and ice and keep them safe. For a lot of people, that has turned out to be a Volvo.

Jim MacPherson, who writes an auto column for the Harford Courant, says Volvo’s reputation as being equipped with numerous safety features make them a popular choice for people looking to buy a used car this time of year, especially in snow affected regions like New York and New Jersey.

For those who want to haul some groceries, or people, around during the winter months, MacPherson says the Volvo XC90 is a good option with its “car-like” feel and roominess that seats five to seven passengers.

MacPherson writes that dealers are hardly able to keep the SUVs on the lot, with one reporting that seven were recently sold in a single day.

“Comfortable, safe, roomy and highly competent in the snow, it is little wonder that seven Volvo XC90s would be sold on a single Saturday,” said MacPherson.

According to Edmunds, late model XC90s saw few changes over the years, although a high-powered 268 horsepower, twin-turbocharged model was sold from 2003-2005.

Find New York Used Cars with New Jersey State Auto.

In winter weather a Volvo might be a good choice

Wednesday, January 14th, 2009

With recent snowstorms that have battered the East Coast, many people are looking for a New York used car that can handle the snow and ice and keep them safe. For a lot of people, that has turned out to be a Volvo.

Jim MacPherson, who writes an auto column for the Harford Courant, says Volvo’s reputation as being equipped with numerous safety features make them a popular choice for people looking to buy a used car this time of year, especially in snow affected regions like New York and New Jersey.

For those who want to haul some groceries, or people, around during the winter months, MacPherson says the Volvo XC90 is a good option with its “car-like” feel and roominess that seats five to seven passengers.

MacPherson writes that dealers are hardly able to keep the SUVs on the lot, with one reporting that seven were recently sold in a single day.

“Comfortable, safe, roomy and highly competent in the snow, it is little wonder that seven Volvo XC90s would be sold on a single Saturday,” said MacPherson.

According to Edmunds, late model XC90s saw few changes over the years, although a high-powered 268 horsepower, twin-turbocharged model was sold from 2003-2005.

Find New York Used Cars with New Jersey State Auto.