The last Volvo XC90 rolls off the production line to make way for the all new 2015 XC90

The last Volvo XC90 rolls off the production line in Sweden. When the current Volvo XC90 arrived in 2002 it staked a claim as the perfect family SUV, a role it’s managed to hang on to – more or less – even though the XC90 is now long past its sell-by date. That’s because the 2002 XC90 was so cleverly conceived in the first place, with family-friendly ease of access to the back row of seats, inflatable side curtains for all three rows of seats, an integrated adjustable booster cushion for children, safety belt tensioners for all seats, easy to drive, decent looking and almost classless.

1957 Ferrari sells for record $12.1 million at auction

A 1957 Ferrari 250 Testa Rossa once again blew away the competition, setting a world record for cars sold at auction when it fetched an eye-popping $12.1 million on Sunday at an event on the grounds of the Ferrari factory in Maranello, Italy. The Testa Rossa was one of just 22 produced from 1957 to 1958, and the Scaglietti design is marked by prominent pontoon fenders. The cars also were successful racers, winning 10 of the 19 international races they entered from 1958 to 1961.

Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection

Saab (NEVS) loses right to use Saab name – NEVS gets creditor protection Just a few weeks ago we reported that Saab and its new owner National Electric Vehicles Sweden (NEVS) were once again up against it with an unpaid supplier filing for bankruptcy. Since the, Saab has been thrown a lifeline by the Swedish courts, and a big kick in the teeth by Saab AB. NEVS right to use the Saab name (although not the Griffin logo) was granted by the owners – the defence firm Saab AB – but in light of NEVS financial predicament that right has been withdrawn.