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Ford puts Volvo up for sale

Having spent most of the last twenty years carefully building up a portfolio of Prestige European car makers, including Jaguar, Land Rover, Aston Martin and Volvo, the last of these, Volvo, has now been put up for sale by Ford. This hardly comes as a surprise when you see the precarious state of Ford. It’s busy going cap-in-hand to the US government looking for a bail out, and selling off Volvo could add several hundred million pounds to its decimated balance sheet.

Tesla Model S goes up in price

The electric Tesla Model S – which won’t arrive in the UK until at least late in 2013 – is going up in price in the US and gets a spec change. The Tesla Model S is perhaps, just perhaps, the only really credible electric car so far; a luxury ‘Sports’ saloon car that offers range almost comparable to an ICE car and, it seems, prices that aren’t an awful lot different. That makes it a far more appealing prospect as a replacement for an ICE car than anything we’ve previously seen.

Hyundai & Kia responsible for big positive impact on European economy

A report by economics consultants London Economics reveals the big positive impact Hyundai and Kia are having on the European economy. We already know that both Hyundai and Kia are looking at 2013 more as an exercise in building their ’Brand’, rather than simply selling more and more credible cars. ‘Brand’ is often as much about perceptions as anything else, so if you can address any possible negatives for your brand, as well as producing cracking products, you’re on to a winner.