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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.

Fiat chief tours Chrysler headquarters

Fiat S.p.A. CEO Sergio Marchionne and a team of Fiat senior executives visited Chrysler LLC headquarters in Auburn Hills, Mich., on Saturday morning, according to a letter to Chrysler employees from CEO Bob Nardelli. The Fiat team visited a display of vehicles in Chrysler's design dome and met with Nardelli; Tom LaSorda, co-president; Frank Klegon, executive vice president of product development; Frank Ewasyshyn, executive vice president of manufacturing, and other executives.

Porsche Panamera to receive long-wheelbase treatment for 2012

Porsche is developing a long-wheelbase version of the Panamera in a bid to satisfy demand for greater rear-seat legroom from customers in North American and China. Details remain sketchy, but insiders at the company's research and development center in Germany have indicated to AutoWeek that the 115-inch wheelbase of today's Panamera will be extended by almost five inches, taking it up to nearly 120 inches. By comparison, the long-wheelbase version of the Mercedes-Benz S-class boasts a 124-inch wheelbase.