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The AutoGuide News Blog is your source for breaking stories from the auto industry. Delivering news immediately, the AutoGuide Blog is constantly updated with the latest information, photos and video from manufacturers, auto shows, the aftermarket and professional racing.

31/01/2012 | By: Jason Siu

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We have to give credit where credit is due. One thing that the Chinese automakers are clearly excelling at is perfecting the art of copying existing vehicles. The newest victim is the Ford F-150 which JAC Motors out in China has just pulled off with surprising accuracy.

Set to debut in April at the Beijing Motor Show, the JAC 4R3 looks almost identical to the Ford F-150 SuperCrew from bumper to bumper. What’s worse is that JAC is not one of Ford’s partners. What’s most humorous is that the 4R3 will be powered by a 2.8-liter diesel engine with just 108 horsepower and 177 lb-ft of torque. The 4R3 obviously won’t warrant the same heavy duty work as the F-150 and is probably lighter weight which allows it to get away with such a weak powerplant.

What’s next from the Chinese automakers? A clone of a Rolls-Royce Phantom?

GALLERY: JAC 4R3

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[Source: Auto Home]

28/10/2009 | By: Dennis Chung

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Ford named Chinese automaker Geely Holding Co. as its preferred bidder for Volvo.

“Ford believes Geely has the potential to be a responsible future owner of Volvo and to take the business forward while preserving its core values and the independence of the Swedish brand,” said Ford Chief Financial Officer Lewis Booth in a statement.

FoMoCo announced it will step up negotiations with Geely, though it’s still far too early to say any deal will be complete any time soon. Ford said it will haveĀ  “detailed and focused” negotiations with Geely, but no final decisions have been made.

Volvo has been on the block since December but it could still be months before any deal is finalized.

Part of the hold-up on any sale is how closely tied Volvo is to Ford’s operations. Ford says it does not intend to hold onto a share of Volvo but is open to continue collaborating with the Swedish brand after any sale.

No financial terms were disclosed, though reports have them pegged closer to $2 billion, much less than the $6.45 billion Ford spent to acquire Volvo in 1999.

[Source: Automotive News]