Ford has confirmed in a press conference today that all substantive commercial terms regarding the sale of Volvo have been settled between the American firm and the Chinese buyer, Geely. In other words, the last arrangements to sell Volvo have been made.
Spyker has been refusing to say what investor is behind their renewed Saab deal. Now, rumours suggest that it is Dutch billionaire Marcel Boekhoorn.
We have news from Aston Martin today as the British car manufacturer has won the”Manufacturer of the Year Award” and its stunning One-77 supercar got close to setting has set a personal company record.
Martin Winterkorn - VW Group CEO
The biggest car producer in the world, Volkswagen, has announced that it has no more interest in expanding, therefore buying other brands. After purchasing a 19.9% stake in Suzuki and a 49.9% stake in Porsche in the last months, VW’s CEO Martin Winterkorn said that he has no more intentions of acquiring stakes in other brands.
Originaly, Spyker had set a deadline of 5:00 PM EST today for General Motors to make a decision on their revised deal. Now, Spyker has decided to extend that deadline.
A USB mobile broadband modem plugged into SYNC's USB port
Ford has announced that they will be adding Wi-Fi support to their Sync system.
But no, it’s not what you’re thinking. The Chinese haven’t gone mad and, no the Great Wall of China will not be shipped to the UK. Instead, the Chinese car maker Great Wall, a manufacturer you’ve probably never heard of, has announced that it will sell cars in the UK.
An Italian newspaper is reporting that a Chrysler badged Lancia will be shown at the upcoming North American International Auto Show (Also known as the Detroit Auto Show).
Saab United is urging everyone to write e-mails to Ed Whitacre, CEO of GM, telling him to sell Saab rather than kill it off. I would like to join the folks over there in trying to help Saab by asking that all our readers write a brief, polite and passionate e-mail, telling Mr. Whitacre to sell Saab.
