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Infiniti to sell luxury EV in 2013

Infiniti plans to launch its first luxury electric vehicle in the United States and other global markets in 2013. Nissan Motor Co.'s luxury division said Friday that the Infiniti EV will be “a stylish, high performance five-seat luxury vehicle with zero emissions technology.” Infiniti first announced plans to market an electric vehicle last year but offered few details until now. It will be based on the same platform as the Nissan Leaf, an electric car scheduled to go on sale later this year.

Spyker uncertainty leads to redundancies at CPP

Will we ever see the Spyker C8 Aileron Spyder go in to production? Having geared up for production of Spyker Cars, the uncertainty surrounding ownership and future production has lead to management redundancies at CPP. It all started so well for CPP (Manufacturing, Global Holding et al) when it was announced that Spyker Cars had been bought by CPP.

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.