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Volvo S60 Long Wheelbase (S60L) goes in to production

Volvo S60 Long Wheelbase (S60L) goes in to production Volvo certainly seems to be on the up at the moment, with new cars like the new V40 challenging established premium compacts and a complete new engine range in the offing. That is, to a great degree, down to the ownership of Volvo by China’s Geely after a period of stagnation under Ford, and now the Chinese ownership is starting to make strides in China. Chinese sales for Volvo are growing, and that’s going to be helped by a new long wheelbase version of the S60, built for the Chinese market in China and due to debut at the Guangzhou Motor Show later this month.

News watch August 2010: today's industry news

Welcome to CAR Magazine's news aggregator as we round up the daily stories in the auto industry. Top tip: news summaries are added from the top hour-by-hourTuesday 31 August 2010• HSBC has sold its US car loan business to Spanish bank Santander, for an estimated £2.6bn in cash and assumed debt. The move sees the bank further distance itself from the collapsed US sub-prime market (Financial Times, subsription required) • Toll roads do not improve congestion, according to the Campaign For Better Transport. Its claims M6 toll road operator Midland Expressway Ltd is losing ‘tens of millions of pounds’ each year, while conditions on the original M6 have failed to improve (Campaign for Better Transport) Friday 27 August 2010• Spyker, which bought Saab earlier this year, has posted a €139m loss after tax in the first half of 2010 it announced today (Financial Times)• Fiat CEO Sergio Marchionne says the business is performing strongly in the third quarter – and has ruled out selling Alfa Romeo.

VW unveils electric e-Up (2013) at Frankfurt motor show

VW is dipping its toes into the electric car pool with its first battery vehicle: an electric Up city car. Christened the 'e-Up', it's not a special edition for Yorkshire only, but rather a silent, zero-emission EV that VW reckons is the perfect commuter's tool. Read on for the full spec.