A New World’s Cheapest Car?

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.?…

Read More…

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…

Read More…