New Replacement Wheel Cylinder, 4757032020 on 2040-parts.com

New bosses for Volvo and Ford of Europe

Volvo will shortly have a new boss, it was announced today. Geely Motors is buying Volvo from Ford and the two companies confirmed today what we all suspected: that Volvo CEO Stephen Odell will leave the top office in Gothenburg and head up Ford of Europe. The new chairman of Volvo is Li Shufu, Geely's top man.

Americans plan to keep their cars longer, AutoPacific study finds

In another chilling sign that auto sales are likely to remain stalled, a new study finds that Americans intend to keep their cars longer, indicating a general concern about the industry and the overall economy. The number of new-car buyers planning to keep their rides more than four years has risen to 59 percent, according to a study released Tuesday by California marketing research firm AutoPacific. That's an increase from last year, when about 45 percent of new buyers intended to wait more than four years for their next purchase, and it's up from 2005's tally of 46 percent.

Saab files for bankruptcy: the end of the Swedish saga

Saab has reached the end of the road - for the second time in two years, just before Christmas. Parent company Swedish Automobile today announced that Saab had filed for bankruptcy. Owner and acting CEO Victor Muller had been trying to sell Saab as a going concern and had come close to signing a deal with Chinese car makers Pang Da and Youngman, but the deal was blocked by former owner General Motors which feared its technology - powering the new 9-5, plenty of the 9-3 range and the 9-4X - would fall into opposition hands in China.