Showing posts with label Volvo recall. Show all posts
Showing posts with label Volvo recall. Show all posts

Tuesday, August 3, 2010

Ford Sells Volvo Unit to Chinese Company

China's largest acquisition of a foreign car maker closed yesterday with Ford selling its Volvo unit to Geely for US$1.3 billion in cash and a $200-million note.

This means that Ford is no longer providing recall information on its website and details of any outstanding recalls must be obtained through a Volvo dealership in Canada.

Note, that there will likely be a steep fee for this letter as Volvo dealerships in Canada state that certain "Volvo" modifications are required. Modifications have been known to cost close to $3,000 and include instrument cluster changes and other inspections.

Please note that these modifications are not a Transport Canada requirement but a Volvo-mandated requirement.

Read more: Ford, Geely complete deal for Volvo; Volvo now parked in China