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VW exec Jacoby reportedly heading to Volvo

Volkswagen of America said it is in talks with CEO Stefan Jacoby, who reportedly has been tapped to run Volvo Car Corp. In the meantime, VW has temporarily named two executives to take over Jacoby's duties, the German automaker said in a statement Thursday. "We are holding contract talks with Stefan Jacoby," the statement said.

Peel P50 back in business

Did you know you can buy a brand new Peel P50? That’s the tiny three-wheeled microcar Jeremy Clarkson famously drove around the inside of BBC Television Centre for an episode of Top Gear in 2007, and holder of the Guinness world’s smallest production car title for over 50 years. Turns out it was put back into production in 2010, and is now assembled under licence by a company called Grasshopper in Nottingham.

India turns the screw on luxury car makers

Land Rover will still be sending CKD to India despite the rise in import duty India’s economy is growing almost exponentially, as a result of which it has a big, rising middle-class with much the same aspirations as the middle-class in the West. Those aspirations include the accumulation of status symbols considered worthy of representing their success and new wealth, none more so than a good set of wheels. So it’s no surprise that the mainstream luxury car makers – Jaguar, Land Rover, Mercedes, Audi and BMW – are ready, willing and able to provide exactly what India’s middles classes are looking for.