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Now the Germans say no to Volvo

As we’ve reported in the last few weeks, Ford has been trying its best to offload Volvo, the last of its ‘Prestige’ Euro marques. The Chinese looked to be the best bet, but it seems that that is going nowhere at the moment (the Chinese are probably waiting for Ford to get in to an even deeper mess with the hope of picking up Volvo for peanuts) and now its seems that Ford’s fire-sale has drawn more blanks. Now the Germans turn down the chance to own Volvo Der Spiegel reports that Daimler (Mercedes-Benz) boss Dieter Zetsche has revealed that Daimler has turned down the chance to buy Volvo, and has also revealed that BMW has had a good look, and reached the same decision.

Fiat buys remaining stake in Chrysler (2014)

By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.

New BMW X5 gets a range of M Performance goodies

The new BMW X5 gets a range of M Performance goodies It wouldn’t be a BMW unless you could make it look like it can go faster, even when it can’t. So it’s good news for buyers of the new BMW X5 that they can opt for the cheapest, and least powerful, X5 sDrive25d and adorn it with enough goodies from the new X5 M Performance option list to make it look like it’d eat an X5 M50d for breakfast. But its not just the lowliest model in the new X5 range that can have any of the new M Performance parts bolted on; BMW will be happy for you to bolt on the extras to anything from the sDrive25d to the xDrive50i.