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Ron Dennis leaves McLaren F1

Ron Dennis hands over the reins of McLaren F1 to Martin Whitmarsh [ad#ad-1] Ron Dennis has finally had enough of F1. Who can blame him? From the heartache of losing the 2007 championship and a year or more of real grief with F1′s officials, Ron has had enough.

Volvo Aims High With Its Self-Driving Car Tech Project

SWEDISH car maker Volvo has announced it will embark on a large scale trial to refine the technology behind its self-driving cars. Volvo is no stranger to the technology having already conducted controlled experiments using ‘road trains’ – cars following each other closely at speed – but this exercise will involve 100 cars being deployed in the busy streets of Gothenburg, Sweden. The project ‘Drive Me – Self-driving cars for sustainable mobility’ is a joint initiative between Volvo Car Group, the Swedish Transport Administration, the Swedish Transport Agency, Lindholmen Science Park and the City of Gothenburg.

Chinese bank may join Saab rescue deal

Saab's owner, Swedish Automobile, said on Monday it is discussions with a bank in China and Chinese automaker Zhejiang Youngman Lotus Automobile over a rescue deal for Saab. Reports had said on Sunday that the Bank of China would replace China's Pang Da as an investor in Saab, which is under bankruptcy protection. Swedish Automobile confirmed Monday that it is talking with Youngman and a bank in China about an equity interest, but did not name the bank.