In the course of just a few short weeks, the coronavirus (COVID-19) has had a devastating effect on daily life in America, as well as each of the automakers that builds cars here. Tens of thousands have been infected, hundreds have died, many are unemployed or furloughed, and most of us have been advised to stay at home except for occasional runs for essentials like groceries and medications.[Read more…] about U.S. Automakers Respond to the Coronavirus Pandemic
Well, they did it.
Written off as a doomed automaker when Ford unloaded it to Geely Automotive in 2010, Volvo has defied the odds and roared back to life while keeping its Swedish charm under Chinese ownership.
That wasn’t supposed to happen.
While execs at Volvo remained confident through the transition that they’d bring the company back to life, we have to take a moment and point out that Saab’s executives once thought the same thing.
Sinking automakers rarely can find the cash—or the buyers—to become relevant again and—like Saab—tend to disappear into the night.