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Deloitte interviews 677 'millenials,' concludes they're broke

Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?

Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

Formula E Electric Racers Move Closer To The Starting Grid

WITH the FIA Formula E Championship building up to the new competition’s first race in Beijing, China, on 13 September 2014, the first batch of electric Spark-Renault racing cars have now been delivered to the competing teams. The handover took place at the series’ new premises at the well-known Donington race track. Alain Prost, co-director of the French team E-Dams, and also an ambassador for Renault, was at the circuit for this landmark delivery.