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New bosses for Volvo and Ford of Europe

Volvo will shortly have a new boss, it was announced today. Geely Motors is buying Volvo from Ford and the two companies confirmed today what we all suspected: that Volvo CEO Stephen Odell will leave the top office in Gothenburg and head up Ford of Europe. The new chairman of Volvo is Li Shufu, Geely's top man.

Audi reveals monster V12 diesel

By Phil McNamara First Official Pictures 18 September 2006 08:15 Audi has revealed details of a flagship diesel Q7, which runs a V12 TDI inspired by the company's Le Mans-winning diesel racer. Ingolstadt claims the engine is the world's most powerful production diesel. The blown 6.0-litre V12 kicks out 493bhp and a staggering 737lb ft at just 1750rpm.

Ferrari plans 458 Scuderia, new 599 and Enzo

Ferrari is planning a range of new cars to rejuvenate its sports car family - including a new 458 Scuderia, a replacement 599 GTB and a hypercar to replace the Enzo. A report by respected automotive industry journal Automotive News today published a detailed timeline of the new car launches planned by Maranello: 458 Spider Launched at the 2011 Frankfurt motor show, retractable hard top. European sales in autumn 2011 458 Scuderia Coming in 2013, following recipe of 430 Scuderia.