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Kia Provo concept (2013) first official pictures
Mon, 04 Mar 2013This is the Kia Provo concept, which will be officially unveiled at the 2013 Geneva motor show tomorrow. Powered by a petrol-hybrid drivetrain, it’s a VW Scirocco-sized coupe-cum-hatch that previews the look of sporty future Kias. Talk me through the Kia Provo’s styling The body panels are carbonfibre, one of several supercar design traits Kia has pinched for its latest concept car.
Ford completes sale of Volvo to China's Geely
Mon, 02 Aug 2010Ford 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.
Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.