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BMW Welt hosts 'Line of Beauty' exhibition

The BMW museum is playing host to a special exhibition entitled ‘The Line of Beauty', which takes a trip through the history of the ‘big' BMW coupes and convertibles. The flagship BMW coupes and convertibles have an illustrious past and most are icons in their own right. The exhibition features 14 individual exhibits that span from the pre-war 327 and 327/28 Convertible and Coupe through to the current F12/13 6-Series.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

Production output decline slowing

By Alex Michaelides Motor Industry 24 July 2009 12:09 It appears there may be some light at the end of the tunnel for ailing car manufacturers as the most recent vehicle production figures are released. The data, presented by the Society of Motor Manufacturers and Traders (SMMT), show that, while production levels are still on the decline, the pace at which they are declining is slowing. Car production figures for June 2009 are still down by 30.2% compared with this time last year, however this is an improvement on the 50.2% by which production is down so far this year.