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Volvo S90, V90 and V90 Cross Country on the way

The Volvo V70 (pictured) will become the new Volvo V90 All the talk for Volvo lately has been the new 2015 Volvo XC90, an impressive offering that really does look like it will take the fight in the ‘Premium’ SUV market to the Germans (and even to Land Rover). But the new XC90 is just the start of Volvo’s new model line-up, and the next couple of years will see more new models arriving with Volvo’s new Scalable Product Architecture (SPA) and the new range of 4-cylinder, 2.0 litre engines. What we now also know, thanks to Volvo’s Dennis Nobelius, is that the replacements for the S80, V70 and XC70 won’t use the current nomenclature but will be given new names to better reflect their upmarket aspirations (and their place in Volvo’s new line-up).

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.

Costs put Mini Rocketman at risk

BMW is not ready to commit to building the Mini Rocketman, a minicar concept that debuted in March at the Geneva auto show. The reason? Executives say privately that they fear that the Smart competitor would not be profitable.