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Cuba loosens some limits on selling cars

For decades, driving down the streets of Cuba was like entering an automotive time warp. The streets are full of cars from the 1950s, and there's virtually nothing modern. But with an announcement by President Raul Castro last week, the strict rules are going to be relaxed a bit, and Cubans and foreign residents now have the right to buy and sell cars made after 1959.

1973 Volvo 1800ES fetches $92,400 in Bonhams auction – a classic Volvo record

The most expensive Volvo P1800 in the world. With Volvo now on a sensible track of producing good-looking, premium Swedish cars, we have wondered if historic Volvos will start to climb in value as modern Volvos become more appealing and more upmarket. And it seems they might be.

Land Rover Defender to be built in Sri Lanka

The Land Rover Defender is to be built outside the UK in a new plant in Sri Lanka to produce Defenders for the region. Land Rover are assisting and training staff at a new assembly plant in Hambantota, Sri Lanka, run by Sathosa Motors PLC in a 50-50 deal with Land Rover distributors SML Frontier Automotive, with $1 million being invested to get the project up and running this year. It seems clear from the level of investment that this is simply an assembly operation using CKD kits from the UK for the Defender, but Sri Lank’s Daily News is reporting that there are plans to invest $500 million in the project.