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2014 Volvo XC90 on track as part of £3.5 billion investment in Sweden

Volvo are investing £7 billion in their future – half of that in Sweden – and the first model to benefit will be the long overdue 2014 Volvo XC90. Just like all of Ford’s premium automotive adventures - Land Rover, Jaguar and Aston Martin included – Volvo has suffered from a long period of under investment but now – with China’s Geely in charge – they’re forging ahead with big investment and big plans to try and emulate the turnaround Tata has accomplished at JLR. That means an investment of £7 billion over the next three years – £3.5 billion of that in Sweden – in a new scalable architecture (SPA) platform and new Volvo engine architecture (VEA) to underpin most of Volvo’s future models.

Toyota's hybrid sales top one million

By Jack Carfrae Motor Industry 08 June 2007 12:16 Toyota, and its luxury arm Lexus, have notched up more than a million hybrid sales for the first time. First launched in Japan in 1997, the Prius has racked-up 758,000 sales internationally, 13,826 of them in the UK. And a third of the 1,047,000 hybrids built by Toyota found homes in its domestic Japanese market.

Report finds California leads nation in car thefts

It's not just the weather that's hot in California--apparently lots of the cars are, too. The National Insurance Crime Bureau released its list of the top 10 car-theft areas in the country for 2010. Eight of them are in the Golden State, mostly in rural areas.