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Volvo drops plans to compete in the luxury F-Segment car market

In fact, at the Shanghai Motor Show in 2011, Volvo delivered the Concept Universe car which we all though was pointing the way to what could be a Volvo S90; Volvo’s luxury car for Chinese plutocrats. It sported a rather strange ‘East meets West’ design language with a very odd nose and lots of curves, and it wasn’t exactly showered in plaudits. But that didn’t stop Volvo coming back at Frankfurt in 2011 with an altogether more convincing concept – the Volvo Concept You – that sported a much clearer vision for a future luxury Volvo.

Audi A3 is the 2014 World Car of the Year

The Audi A3 (pictured) is the 2014 World Car of the Year The New York Auto Show is the place where the World Car of the Year winner is announced, so with the show now underway comes the news that it’s the Audi A3 that’s grabbed the gong for the best car in the world in 2014. It’s the second time Audi has won the award – the Audi A6 won in 2005 – and probably holds up a mirror to the changing face of the world’s car landscape; more compact, ‘Premium’ cars are now the most favoured buy. But really, the Audi A3 isn’t just a single car.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.