Autospyblog

Economic crisis SALE, everything must go. Automakers aren’t doing so great, I guess we all know that. People don’t want to bail them out etc…but that’s another story. This little story is about a big, big carmaker called FORD. Ford is one of the oldest carmakers around and it’s in trouble. Things are getting really bad in the car industry so they’re having a little garage sale crisis sale, and Volvo must be sold for 6 billion dollars. They will even give you a red bow on it if you buy and a nice little Christmas card.Fird bought Volvo back in 1999 for $6,4 billion dollars and they’re selling it for almost the same? that’s not good is it? Volvo has been struggling, laying off thousands of people and even asking the Swedish government for a bailout.

Things aren’t going so well for the F1 teams neither. Honda’s F1 team is now for sale. The reason for the decision is due to the current economic climate and the cost of developing a competitive car that abides by the 2009 rules. If Honda doesn’t find a sponsor/buyer in a few months, then Honda won’t compete in the 2009 season.

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