2008 Mercedes C350 Speedometer 2045405748 on 2040-parts.com

New bosses for Volvo and Ford of Europe

Volvo will shortly have a new boss, it was announced today. Geely Motors is buying Volvo from Ford and the two companies confirmed today what we all suspected: that Volvo CEO Stephen Odell will leave the top office in Gothenburg and head up Ford of Europe. The new chairman of Volvo is Li Shufu, Geely's top man.

Toyota Prius plug-in to cost from £31k

Toyota Prius plug-in will cost £31k We thought it was probably too good to be true. When we revealed that the US price for the new Toyota Prius plug-in was 36 per cent more than a regular Prius, we did hope that price increase would apply to the UK too. Because if Toyota were to do the same in the UK, the plug-in Prius would have come in – after the taxpayer very generously chipped in a £5k subsidy for ‘eco’ cars – at a ‘buy’ price in the UK around £2.5k more than the non plug-in Prius.

One Lap of the Web: Happy birthday, John DeLorean, a legally imported Nissan Skyline, Amphicar for sale and the Righini Collection

-- Bust out the candles: American success story, visionary futurist and import/export whiz John DeLorean was born this day in 1925. Everyone knows about his battle to launch the DeLorean Motor Company, but the man behind the stainless-steel legend had a long career as a brilliant engineer that included time at Chrysler, Packard and General Motors. And while we might not all be driving DeLoreans today, we're still talking about both the man and the company -- which is pretty impressive when you think about it.