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Volvo You concept is the shape of things to come

The sleek Volvo concept unveiled at the Frankfurt auto show is headed to production, said Volvo Chairman Li Shufu. "The board has approved production of the concept, known as You, but the timetable has to be finalized,'' Li said during an interview at the Frankfurt auto show. He said it will be "somewhere around 2015." It's part of the plan by Chinese owner Zhejiang Geely to move the Volvo brand upscale.

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.

NO SIGN OF SLUMP IN VALUES ACCORDING TO LATEST REPORT

DEMAND continued to keep values relatively firm in the used commercial vehicle market in February, according to leading vehicle auction specialist, British Car Auctions (BCA). Despite volumes rising sharply average values fell by £76 (1.8%) in February while sold volumes increased by nearly 13% over the same period, following a near 50% increase between December and January. Average monthly values have broadly remained between £4,000 and £4,200 since summer 2010.