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RAC Foundation – Road charging is inevitable

The RAC Foundation calls for Road Charging. According to RAC Foundation Director Stephen Glaister, a predicted 33% increase in traffic by 2025 and a reduction in road building schemes and cuts in general make a  pay as you go system the answer to congested roads. All of which is fine and dandy – it gives the RAC Foundation something to do and gets them a bit of PR – but it”s hardly joined-up thinking.

Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced on Sunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

UAW: GM, Chrysler may not need additional federal funds

UAW President Ron Gettelfinger said today that General Motors and Chrysler LLC may not need additional federal loans beyond the $17.4 billion approved by the White House. "If we can get by without more money, that's what we want to do," Gettelfinger told Automotive News in an interview at Solidarity House in Detroit. He said how well the money holds out will depend on sales volume this year.