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Volvo discontinues S40 and V50 for 2012
Wed, 15 Jun 2011Volvo will discontinue the S40 sedan and the V50 wagon for the 2012 model year in the United States. The second-generation S40 came out in 2004, and the V50 debuted in 2005. According to Volvo spokesman Dan Johnston, S40 sales were down 29 percent by the end of last year and V50 sales were down more than 50 percent.
News watch December 2010: today's auto industry news
Sun, 31 Oct 2010Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourFriday 31 December 2010• A judge in Manhattan has dismissed two lawsuits from hedge funds claiming for $2bn losses when it bought VW shares in 2008. Elliott Associates LP, Black Diamond Offshore and 39 other funds filed a complaint, claiming Porsche misled short-sellers who hadn't realised that Porsche had cornered the market in VW shares (Automotive News)Thursday 30 December 2010• Volvo plans to hire an extra 200 staff as it claims demand for its cars is rising.
Hennessey unveils VelociRaptor SUV
Mon, 20 May 2013From the folks who brought you the Venom GT and countless other cars and trucks capable of putting up ridiculous numbers, Hennessey Performance is back with another concoction, the VelociRaptor SUV. Based on the standard Ford F-150 Raptor, the truck is converted to a full-size SUV (think Ford Excursion) with seating for up to eight people. Though it's based on the Raptor, don't expect to go extreme off-roading with it, as Hennessey states that this car is intended for on-road use, as well as light to moderate off-roading.