May 14th, 2010 at 12:00pm
Ford chairman Bill Ford Jr., said the company will pay off more of the $34 billion in debt it still owes before restoring dividends to shareholders. Sales of medium- and heavy-duty trucks in the U.S. in April indicate the economy is headed in the right direction. China’s Shengrui Transmission Co. became the first company in the country to develop an eight-speed automatic transmission. All that and more, plus a preview of this week’s Autoline Detroit with the new owner of Saab, Victor Muller and how he plans to save the company.
Transcript and Story Links after the jump . . .