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Geely president Li Shufu admits disputes with Volvo managers

Tue, 16 Nov 2010

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.

Toyota to end Australian manufacturing in 2017

Mon, 10 Feb 2014

When Holden announced that it would no longer build cars in Australia after 2017, that country’s flagging automotive industry was effectively put on notice -- Mitsubishi had stopped building cars there in 2008, and Ford says its two plants there will close in October 2016. Now Toyota has announced that it has no option but to end vehicle Australian vehicle production. Like Holden, it will close its factories there in 2017.

GM kills Cadillac SRX turbo

Tue, 04 Jan 2011

General Motors has stopped making the Cadillac SRX turbo crossover because of low sales. The turbo version made up 5 to 10 percent of SRX model sales since its debut in December 2009, Cadillac spokeswoman Robyn Henderson said Monday. In 2010, GM sold 45,229 SRX units through November, the most recent data available.