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Kia Sorento (2014): Kia goes super-sized with new SUV

By Tim Pollard First Official Pictures 11 August 2014 16:54 The new 2014 Kia Sorento has been unveiled ahead of its debuts in Korea and Paris this autumn. It’s the third-generation of Sorento, and doesn’t deviate far from the format of the previous two crossovers. The new Kia Sorento is quite distinct from the Sportage, with a more American/Asian design vibe; it was designed in the Namyang studio in Korea.

GM Europe weeks from running out of cash

By Phil McNamara Motor Industry 03 March 2009 19:03 GM Europe will run out of cash ‘early in the second quarter’ of 2009, unless the divison secures $3.3bn in funding from European governments. Speaking today (Tuesday 3 March), GM chief operating officer Fritz Henderson revealed that insolvency loomed, due to the plunge in European car sales and GM’s liquidity crisis in North America. He ruled out a swift cash injection from private investors, saying that no talks had taken place and that lengthy negotiations and due diligence would take too long.

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 onSunday 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.