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Geely president Li Shufu admits disputes with Volvo managers

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.

2012 Porsche Cayenne GTS Beijing debut UPDATED +video

2012 Porsche Cayenne GTS The latest iteration of the Porsche Cayenne GTS – a sportier take on the Cayenne – will debut at the Beijing Motor Show. Porsche feels it’s time to roll out the GTS treatment for the latest version of the Cayenne, so pencil-in the Beijing Motor Show later this month for the debut of the 2012 Porsche Cayenne GTS. The GTS version of a Porsche usually bows in after the range has had a year or two to bed in and offers a sportier, harder-edged version of the standard Porsche offering; fitting in the range between the Cayenne S and Cayenne Turbo.

Toyota prices RAV4 EV at $50,610 before tax incentives

Toyota Motor Corp. unveiled the production version of its RAV4 electric vehicle, which carries a battery pack and electric motor system developed in collaboration with Tesla Motors. The crossover will carry a sticker price of $50,610 including an $810 destination charge but before available tax incentives of $2,500 in California and $7,500 at the federal level.