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Chinese Company to Buy Volvo

Chinese Company to Buy Volvo

Ford Motor reached an agreement to sell its Volvo subsidiary to a Chinese conglomerate for $1.8 billion.

 

Ford reports surprise $1B profit

Ford reports surprise $1B profit

Automaker says earnings were fueled by cost cuts and Cash for Clunkers rebates.

 

Ford’s Plan to Cut Costs Falls Short in Union Vote

Ford’s Plan to Cut Costs Falls Short in Union Vote

Changes to the workers’ contract that would have allowed cuts appeared headed for certain defeat.

 

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