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Ford completes sale of Volvo to China's Geely
Mon, 02 Aug 2010Ford 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.
BYD T6 – a 2.0 litre Porsche Cayenne Clone
Mon, 04 May 2009The BYD T6 - a 2.0 litre Porsche Cayenne Clone [ad#ad-1] We do still think of Chinese goods as being cheap rip-offs of Western Goods. But the news yesterday about the next generation electric car battery technology should make us look at what the Chinese are doing in a different light. And then this crops up!
Wild thing: Audi A1 clubsport quattro unveiled
Tue, 31 May 2011Audi has created a 496-hp version of the A1 small car to celebrate the 30th anniversary of an Austrian festival for Audi, Seat, Skoda and Volkswagen fans. Called the A1 clubsport quattro, the one-off show car gains a heavy dose of rally-inspired styling that is said to preview the appearance of a hot new all-wheel-drive S1 quattro model being developed by Audi as a rival to the likes of the Renault Clio Sport. At the heart of the hatchback is a heavily modified version of Audi's turbocharged 2.5-liter, five-cylinder powerplant shoehorned transversely into the A1's compact engine bay.