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New bosses for Volvo and Ford of Europe

Volvo will shortly have a new boss, it was announced today. Geely Motors is buying Volvo from Ford and the two companies confirmed today what we all suspected: that Volvo CEO Stephen Odell will leave the top office in Gothenburg and head up Ford of Europe. The new chairman of Volvo is Li Shufu, Geely's top man.

GM considers flagship sedan for Cadillac

Cadillac is considering a large, flagship sedan to take on the Mercedes-Benz S-class and BMW 7-series, a top General Motors official says. Mark Reuss, GM's president for North America, told Automotive News last month that a new flagship is on the table as GM maps its go-global strategy for Cadillac. A flagship would be a continuation of how GM has been positioning Cadillac's lineup to go head-to-head in each segment with BMW, Mercedes and Audi.

Toyota overhauls engine plans

For years, Toyota Motor Corp. has put hybrids at the center of its powertrain-technology strategy, all but oblivious to the rapid fuel-economy advancements rivals have made in the humble gasoline engine. Meanwhile, Ford, Honda, Mazda, Hyundai, Volkswagen and others have turned to gasoline direct fuel injection and turbochargers.