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Will Volvo need a JV in China with itself?

Western car makers wanting to operate in China need a joint venture with a Chinese partner. And it looks like Volvo is going to have to partner with itself to keep officials happy. The Chinese authorities are keen to make sure that Western car makers can’t just rock up on their doorstep, open up a factory or three and flog cars in the most populous nation on earth.

May 2009: UK new car sales and trends analysis

By Peter Adams Motor Industry 04 June 2009 12:00 The scrappage scheme was supposed to give the UK car market a massive boost, but latest figures out today show new car registrations are still down by more than a quarter. The Society of Motor Manufacturers and Traders (SMMT) reports that new car registrations fell 24.8% in May 2009 to 134,858 units. However, this fall marks an improvement on earlier months of the year.

Rare video of a nearly $2 million, 600-hp Ferrari-powered boat

There are times when auction items carrying multimillion-dollar estimates can be dismissed as too pricey to spend serious amounts of time dreaming about. “A toy for a rich man, too expensive to be enjoyed,” you say to yourself. But then there things so undeniably appealing that they push all other thoughts aside and whisper, “Find a way to buy me.