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Going, going, gone: Ford sells Volvo to Geely
Mon, 02 Aug 2010Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.
Chinese car firm set to expand
Mon, 30 Dec 2013CHINA’S newest car brand, aimed at the luxury end of the booming Chinese car market, is to release a second model to its range. Qoros, which introduced the 3 Sedan at the 2013 Geneva and Shanghai motor shows, is set to introduce the as-yet unnamed model in March, again at the Geneva show. Among the manufacturer’s claims are that the new car will boast European levels of materials quality, as well as advanced technology like an eight-inch touch-screen display and a Cloud-based infotainment system.
Nissan showcases crashproof cars and an eco pedal
Wed, 06 Aug 2008By Tim Pollard Motor Industry 06 August 2008 09:17 Nissan has unveiled a brace of new technologies to make driving in the 21st century cleaner and greener – but they also signal a further erosion of driver independence, ceding more control from man to microchip. How so? Well, the new systems announced today mark a step towards the driverless car: one is part of a project that hopes to eliminate accidents altogether while the other pushes against the accelerator to encourage a lighter right foot.