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Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

U.S. sales, aided by General Motors, show some real spark in October

U.S. light-vehicle sales--bolstered by General Motor Co.'s first gain in 21 months--declined less than 1 percent in October as the industry showed signs of a recovery without the aid of government incentives. The drop was the smallest this year and made October the year's strongest month aside from August, which received a lift from the federal cash-for-clunkers program.

Rimac Concept_One Electric Supercar Salon Prive debut

The very impressive Rimac Concept_One electric hypercar, which debuted at Frankfurt 2011, is to show at Salon Prive. Now the Goodwood Festival of Speed  is over for another year, the next big petrolhead event is Salon Prive – which has been pushed back to September to avoid clashing with London 2012 – and Mate Rimac has announced his Rimac_One electric hypercar will be making its UK debut on the lawns of Syon Park. The Mitac_One, which was revealed at the Frankfurt Motor Show last year and conceived by precocious 24yr old Mate Rimac,  is a technological tour de force for electric cars, offering four electric motors – one on each wheel – which can accelerate and decelerate independently to offer true four wheel vectoring and stunning handling.