If rumors coming out of China come to fruition, Tata could soon have competition for the title ?World?s Cheapest Car.?? The Chinese automaker Geely, who made the news a few weeks ago when it signed an agreement to purchase Volvo from Ford, has announced it plans to build a car with a $2,250 price tag.?…
Tag: China
Ford Posts 2.1 Billion First Quarter Profit
Ford Motor Company recently announced that the automaker posted a net income of US$2.1 billion for the first quarter of 2010. Of that figure, US$1.2 billion was from Automotive operations. This contrasts with the same quarter in 2009, in which Ford lost over US$2 billion. Credit for the boost in earnings was given to the…