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First Sight: Volvo Concept You

Volvo today revealed its Concept You at the 2011 Frankfurt motor show, as the company continues to evolve its luxury car range. The latest evolution of the Concept Universe, first unveiled at Shanghai earlier this year, showcases the technology and craftsmanship that Volvo will be using in its future line-up, including smart pad technology and a touch-control cockpit. The emphasis on technology reflects the importance of infotainment in current society and immerses the driver to give them complete control and mobile connectivity.

VW XL1 SEV to take on the hillclimb at Goodwood Festival of Speed

The super frugal – and super slippery – VW XL1 (pictured) will take on the Goodwood hillclimb Visitors to the Goodwood Festival of Speed can spend endless hours watching a seemingly endless precession of supercars take on the hillclimb. But one supercar this year will be a bit different. Volkswagen are taking their super slippery, super frugal supercar – the VW XL1 SEV – to Goodwood next month and are planning on taking it up the hillclimb in the capable hands of former F1 champion Jacky Ickx.

Former General Motors CEO nets multimillion-dollar retirement package

Former General Motors CEO Rick Wagoner will officially punch out on Aug. 1 with a compensation package worth almost $8.6 million over the first five years. The deal is significantly lower than what he could have received; it would have been $23 million at the end of last year, Reuters reports.