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Now the Germans say no to Volvo

As we’ve reported in the last few weeks, Ford has been trying its best to offload Volvo, the last of its ‘Prestige’ Euro marques. The Chinese looked to be the best bet, but it seems that that is going nowhere at the moment (the Chinese are probably waiting for Ford to get in to an even deeper mess with the hope of picking up Volvo for peanuts) and now its seems that Ford’s fire-sale has drawn more blanks. Now the Germans turn down the chance to own Volvo Der Spiegel reports that Daimler (Mercedes-Benz) boss Dieter Zetsche has revealed that Daimler has turned down the chance to buy Volvo, and has also revealed that BMW has had a good look, and reached the same decision.

Volvo PCP Performance Division planned on the back of rising sales

The Volvo C30 PCP by Polestar - 400bhp and £50k You’re not a serious player in the desirable saloon car stakes unless you have a performance division. BMW has the M Division and Mercedes has AMG; even VW has swapped out its Volkswagen Individual in to a division just to fettle ‘R’ cars and sell associated paraphernalia - Volkswagen R GmbH. And now it seems it’s the turn of Volvo.

Former Fiat exec will revive iconic De Tomaso sports-car brand

Italian businessman Gian Mario Rossignolo plans to revive the De Tomaso sports car brand. The former Fiat S.p.A marketing executive aims to build 8,000 De Tomaso cars a year in a former Pininfarina S.p.A. factory near Turin.