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Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

Car Design Awards winners benefit from Northumbria placement

阅读本文中文版本请点击这里 The winners of the inaugural Car Design Awards China competition were announced at a glamorous ceremony in the studios of CH-Auto during the Beijing auto show in April, marking the culmination of successful competition. Seven talented students – who had responded to briefs set by GM, PSA Peugeot Citroen, SAIC (with its MG brand) and Volkswagen – were presented with awards in five categories, and five were given the opportunity to attend Northumbria University's Transportation Design course, in the UK, on a two week placement. The five students – Bingyang Hu, Geng Li, Yanchao Wang, Kaiji Pu and Liang Chen – began this exciting, yet challenging journey in December 2009, when they entered the 2010 Car Design Awards China competition.

Drivers unmoved by electric cars

SUPPORT for electric cars appears to be failing to spark off real interest from drivers, according to a survey of more than 3,000 motorists. Only 1% of UK drivers own an alternative fuel vehicle (AFV), while CO2 emissions are at the bottom of the checklist when Britons are shopping for a new car, the poll by Auto Trader found. Since January 2011, motorists have been eligible for up to £5,000 upfront cost relief on the purchase of a new electric vehicle but the survey showed that 35% of drivers were unaware of this grant.