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Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

Saab 9-5 Sportwagon (2011) prices and revised 9-5 range

Saab has seemingly rushed through a series of upgrades to the 9-5 range just 11 months after going on sale. The UK launch was marred by indifferent reviews in many quarters and the company hopes the latest revisions will give the new 9-5 more of an edge. Saab also today announced UK pricing for its new 9-5 Sportwagon estate, and a range of revisions for the 9-5 saloons, including revised suspension tuning and more efficient engines.

McLaren P1′s Pirelli P Zero Corsas key to performance +video

The new McLaren P1 is shod with custom-made Pirelli P Zero Corsa Tyres specially developed to meet the challenges of a 903bhp supercar. Ron Dennis has already told us that he has driven the P1 round the Top Gear test track at Dunsfold a full 10 seconds quicker than the Pagani Huayra went round, so we know the P1 has huge abilities on tap. But what’s also interesting is that Ron did his Top Gear lap on the P1′s road tyres, specially developed for McLaren by Pirelli, and not on hand-cut slicks like the Pagani Huayra.