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Volvo City Safe means lower insurance preniums for Volvo drivers

Volvo’s City safe has reduced insurance premiums for Volvo owners Volvo are on a mission to ensure that no one dies or is seriously injured in a Volvo by 2020, and that means more and more clever technology to protect Volvo drivers from the dangers of driving. One of those technologies is Volvo’s City Safe, a low speed (up to 31mph) collision avoidance system, that uses a laser at the top of the windscreen to monitor traffic and will automatically brake the car if its senses no reaction from the driver when a collision is imminent. So good is City Safe that Thatcham – the people who set insurance groups for cars – has decided Volvos fitted with City Safe should be rated in a lower group.

Daimler and BYD name new brand Denza

Mercedes-Benz sources in Germany have confirmed Chinese media reports suggesting that parent company Daimler and Chinese carmaker BYD's new joint venture brand will be called Denza. Created as a Chinese-market-only brand, Denza is planned to support a range of "affordable" electric-powered vehicles, the first of which is set to be unveiled at the Beijing motor show next month. Based on the underpinnings of the first-generation Mercedes-Benz B-class--a car originally designed to accept batteries within its flat floor structure--the first Denza model was developed in China by a team of engineers from both Daimler and BYD Auto.

Swedish sports-car maker Koenigsegg may buy Saab

General Motors has chosen Swedish luxury sports car maker Koenigsegg Automotive AB as the preferred bidder for the Saab brand, news reports said. Koenigsegg and Norwegian investors have signed a letter of intent to take over Saab, Swedish television said Thursday, attributing its report to unnamed sources. "The deal is there now and a few minor details remain," a source told Reuters.