Automotive Intelligence

News of  April 5, 1999

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Ford Completes Acquisition of Volvo Cars
GÖTEBORG, Sweden, March 31, 1999 – Ford Motor Company [NYSE: F] and AB Volvo today completed the sale of Volvo Cars to Ford. Volvo Cars is now part of Ford's Premier Automotive Group, which also includes Aston Martin, Jaguar and Lincoln.

"The Premier Automotive Group, under the umbrella of Ford Motor Company, will allow us to leverage the unique strengths of these four legendary brands, while preserving their individual values and characteristics," said Jacques A. Nasser, Ford president and chief executive officer. "Our objective is to grow these premium brands while setting new standards for the care and service for our customers."

Ford and AB Volvo announced on January 28, 1999 that an agreement in principle had been reached for Ford to buy Volvo Cars for $6.45 billion. Shareholders of AB Volvo approved the sale on March 8. Final regulatory approvals were received on March 29.


A Hole-In-One: The Greg Norman Hot Rod Silverado
Las Vegas:  To the great relief of groundskeepers everywhere, you won't see this "golf cart" ripping down the fairway or putting around the green. Instead, this vehicle - the Greg Norman Hot Rod Silverado - is road ready.

Based on the four-passenger, three-door, half-ton 1999 Chevrolet Silverado, it's everything Greg Norman, the renowned golf professional, would want in a truck. With a beefy 540 cu. in. big block engine and a 4L80-E four-speed automatic transmission under the hood, it's ready and raring to go, giving golfers something to think about between rounds.

Greg Norman's Hot Rod Silverado

Greg Norman's Hot Rod Silverado

Making a trip to the gold course an adventure, the Greg Norman Hot Rod Silverado is a hole-in-one. But with all the toys it has to offer - including the TV, VCR and advanced music system - some golfers might not want to get out, leaving the links for another.

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