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2015 Volvo XC90 First Edition sells out in quick sticks

The new Volvo XC90 First Edition (pictured) is all sold out Last weekend we revealed details of the 2015 Volvo XC90 First Edition, a massive spec XC90 created by Volvo to launch the new XC90. And, despite a hefty £68,000 price tag, the entire run of 1,927 First Editions sold out in just 47 hours, with the majority reserved in the first hour. That 1,927 First editions – a number that represents the year Volvo was founded – is total availability for the world market, but 55 UK buyers are on the list and will get their cars in April 2015.

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.

Porsche confirms its first diesel: the Cayenne 3.0 D (2008)

By Digby Fullam First Official Pictures 21 November 2008 10:00 Porschephiles look away now – Porsche has just confirmed it will build its first diesel. The Cayenne SUV gains derv power in 2009 and will put Porsche in the unique position of having hybrid, petrol and diesel models in the same 4x4 range.The Cayenne diesel will use a VW sourced engine. And, no, it's not the Touareg’s 5.0-litre V10.