A Swedish business consortium, keen to return Ford's Volvo unit to Swedish ownership and keep it out of Chinese hands, has intensified its efforts to raise enough money to make an offer for Volvo, according to weekend media reports.
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Porsche has agreed to sell a 10% voting stake in its business to Qatar Holding, which will also take a 17% voting stake in the Volkswagen (VW) Group as it acquires share options held by Porsche in a deal worth EUR7bn (US$9.9 billion).
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Porsche and Volkswagen could merge as soon as next year instead of 2011 as currently planned, German newspaper Die Welt reported on Monday.
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All-American supercar takes a bow at the Pebble Beach Concours d'Elegance.
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Bentley has unveiled the Mulsanne, the company's all-new flagship grand tourer, at the Pebble Beach Concours D'Elegance (an annual classic car festival) in Monterey, California.
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A threat by Volkswagen to remove business from supplier Magna International if it is successful in its bid for Opel was branded as 'tantamount to blackmail' by Opel labour leader Klaus Franz.
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Lexus takes aim at BMW 1-series and Audi A3 with hatchback concept.
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Peugeot RC Z hits the road, new 200mph Bentley, exclusive Aston Rapide desert storm, ultimate Impreza driven
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Korean five door promises class-leading versatility and has Fiesta in its sights
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Lexus says it will show a premium compact concept at Frankfurt and has issued an official sketch which it says gives a first indication of design direction.
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Zurich. General Motors Co. today confirmed it has signed a stock purchase agreement with Koenigsegg Group AB regarding the sale of 100% of the shares of Saab Automobile AB. The deal is expected to conclude in the next months and will then secure Saab's future. Saab Automobile plans to exit legal reorganization shortly.
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On Sunday, August 16, 2009, Canada's first Concours d'Elegance was held on the bucolic site of the Mirage Golf Club in Terrebonne, on the outskirts of Montreal. Under the honorary presidency of René Angélil, who unfortunately could not make it to the event, some 2,000 lucky visitors got the chance to get up close and personal with some of the rarest and most beautiful cars in the world, presented under the theme La belle histoire.
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The Renault Formula 1 team will contest this weekend's European Grand Prix, after its suspension from the Valencia race was overturned.
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Current MotoGP points leader Valentino Rossi (Yamaha) padded his lead as he took his fifth win of the season at Brno, while main rival Jorge Lorenzo (Yamaha) fell and Casey Stoner (Ducati) sat out the race because of illness.
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Championship leader Andy Soucek won race 1 at Donington, and Julien Jousse took his first victory of the season in race 2.
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Chinese astronauts who have successfully accomplished Shenzhou-5 and Shenzhou-7 space mission have chosen to buy Volvo S80L.
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Michael Schumacher's manager Willi Weber has hit back after Alain Prost suggested the 40-year-old's neck injury might not be the only reason he called off his F1 comeback.
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Ferrari reserve driver Luca Badoer will get a two-day stint at the wheel of Ferrari's 2009 car this week, prior to making his race debut in the place of injured Felipe Massa at the European grand prix.
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Highcroft Racing took back the initiative in their quest to remain at the top of the championship by winning the Road America round of the American Le Mans Series at Elkhart Lake.
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With the current economy the last thing you need is for your vehicle to break down. Whether your driving a reliable car or a busted up
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