April 2009
when Buffett-BYD: World's First DM Electric Car F3DM probing foreign markets
Buffett, the American billionaire investor, made his first investment in a Chinese company last September by buying a 10 percent share of the Hong Kong-listed BYD for HK$1.8 billion. Marc Gunther writing for Fortune Magazine reported that Warren Buffet...
February 2009
Global car slump; Nissan to slash 20,000 jobs worldwide
Nissan is to cut 20,000 jobs worldwide, 8.5% of its workforce, over the next year because of a sharp fall in sales. The Japanese carmaker made the announcement as it said it expected to make a loss of 265bn yen ($2.9bn; £2bn) for its current financial...
October 2008
Ford's Volvo to slashes 3,300 jobs says CEO STEPHEN ODELL
Volvo, the Swedish carmaker owned by Ford announced it will lay off more than 13 per cent of its work force because of falling global demand. Citing a “rapidly deteriorating market situation in the global car industry,” the Goteborg-based c...
September 2008
Stephen Odell to replace Fredrik Arp as a CEO for Volvo Ford.
Ford has had losses of $23.9 billion since 2005, mainly because of its North American operations. CEO Alan Mulally has shed all European luxury brands sold off its Jaguar, Land Rover and Aston Martin businesses as part of strategy to focus on core bra...
October 2007
*NEW!* How To Buy A Car With Little Or No Credit ! MASTER Resale Rights
*NEW!* How To Buy A Car With Little Or No Credit ! MASTER Resale Rights
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