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Volvo to skip Tokyo Motor Show

Volvo, the Swedish unit of Ford Motor Co., will not participate in the Tokyo Motor Show this fall. "We have evaluated our participation at motor shows for 2009 to see how we can make the most out of our resources, and this year we decided not to participate at Tokyo," Volvo spokeswoman Maria Bohlin said today in an e-mail. Ford Motor Co.

Petrol sales hit record low in July

FEARS of a 4p-a-litre rise in prices at the pumps sent petrol sales crashing to an all-time July low. The rise turned out to be only 1.5p a litre but it led to July petrol consumption dipping to 1.44 billion litres, down nearly 100 million litres on June, according to Government figures highlighted by the AA. The AA said petrol retailers and others had predicted that the UK's average cost of petrol would rise by up to 4p a litre in July.

2014 Nissan Versa priced at $12,780

The 2014 Nissan Versa with a five-speed manual transmission -- at dealerships today -- will set you back $12,780, including $790 for destination. Stepping down to a four-cog automatic will cost a grand more. For that price -- the lowest in America, by the way, more on that later -- buyers get a 1.6-liter DOHC four-cylinder engine, available air conditioning, six-way adjustable driver's seat, and a radio with an auxiliary input.