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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.

Saturn alerts customers it is considering a spinoff

Saturn has begun alerting customers that it may be spun off by General Motors as an independent marketing and distribution company. In a letter sent to about 1.5 million Saturn owners Wednesday night, Saturn said it would have to line up products to sell--either from other manufacturers or from GM in the role of a vendor--after GM's current commitment to build Saturn products ends after the 2012 model year. "The Saturn Distribution Corporation already exists as an indirect subsidiary of GM," wrote Jill Lajdziak, general manager of Saturn, in the letter.

Stig outed as Ben Collins – again

The Stig is Ben Collins It’s a game Top Gear has played since the days of ‘Black Stig’ (Perry McCarthy – F1 almost was) – Who is the Stig? Not only has it provided the Beeb with an endless run of free publicity as everyone and his dog speculates on the Stig’s identity, they’ve even made money on the back of the Stig’s identity with Stig-focused games and goodies from the gloriously tacky range of Top Gear ephemera. And this last week Stiggy has been in the news as he tries to get his memoirs published – Stig: The Autobiography – much to the consternation of the Beeb, who believe his contract gives him no chance of revealing his identity.