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2015 Volvo XC90 First Edition sells out in quick sticks

The new Volvo XC90 First Edition (pictured) is all sold out Last weekend we revealed details of the 2015 Volvo XC90 First Edition, a massive spec XC90 created by Volvo to launch the new XC90. And, despite a hefty £68,000 price tag, the entire run of 1,927 First Editions sold out in just 47 hours, with the majority reserved in the first hour. That 1,927 First editions – a number that represents the year Volvo was founded – is total availability for the world market, but 55 UK buyers are on the list and will get their cars in April 2015.

Porsche Panamera convertible plans uncovered

A series of European and U.S. patent applications obtained by AutoWeek show that Porsche remains committed to building a four-door convertible version of its flagship Panamera, despite recent comments from Zuffenhausen insiders indicating the car had been canceled. The new car, depicted in official drawings that accompany the latest Porsche patent applications filed in February, eschews the two-door route taken by all of its upmarket rivals for a practical four-door body.

Volkswagen chief: No. 1 in the world by 2018

Volkswagen chairman Martin Winterkorn reaffirmed his company's ambitious and audacious goals on Wednesday night on the eve of the Paris motor show: pass Toyota and General Motors for the title of world's largest automaker in 2018. Winterkorn was the final speaker after an event that featured unveilings from each of the German conglomerate's brands. He said his company wants to record total sales of 10 million in eight years, which would vault it pass the current levels of global leaders Toyota and GM.