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Sinkhole Corvettes to be displayed before restoration
Thu, 27 Feb 2014It's going to take a while to get the eight historic Chevrolet Corvettes that were consumed by a sinkhole at the National Corvette Museum two weeks ago out of that sinkhole -- just getting a specialized crane through the doors of the museum will take time. Afterward, though, the public will be able to get a look at them in their damaged state before Chevrolet has them restored. The museum has told the Detroit Free Press that the damaged cars will be on display at the National Corvette Museum from April through June of this year, once they're exhumed.
Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 Mar 2010Ford 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.
Renault Pitches Affordable Self-Driving Technology
Fri, 07 Feb 2014RENAULT is the latest company to dip its toe into the waters of self-driving car technology. Pitching its contribution as a way of combating tiredness and stress plus allowing drivers to multitask and let the car take the strain, the French firm is looking to 2020 as the year when its bold vision could become a reality. There is a catch though, as Renault’s vision of an autonomous driving future centres around the provision of ‘protected’ roads devoid of pedestrians or other hazards to make the reality of hands off driving possible.