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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.

Heavy rain brings more flood risks

HEAVY RAIN and gale force winds are set to continue to batter large swathes of the south of Britain, leaving many areas at risk of further flooding. The country will be hit by two new turbulent weather systems that are predicted to bring high winds and rain in their wake. And there is fresh misery for people living in the Somerset Levels, where two severe flood warnings remain in place signifying a danger to life.

Hyundai names former GM exec Shannon as U.S. marketing boss

Hyundai has tapped a General Motors veteran as its new U.S. marketing chief, filling a spot that has sat empty for more than seven months. Steve Shannon was named vice president of marketing for Hyundai Motor America on Wednesday and will officially take his position on April 18, Hyundai spokesman Chris Hosford said.