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Volvo will market entry-level car to rival VW Golf
Thu, 21 Oct 2010Volvo plans to offer a Volkswagen Golf competitor as part of a plan to expand the automaker's product line. Speaking in London last week, new Volvo CEO Stefan Jacoby said the next generation of the entry-level Volvo “will be a derivation of the C30, a Golf competitor,” according to the Web site www.autocar.co.uk. He also said Volvo's brand positioning would shift toward “functionality and Scandinavian elegance” and away from sportiness, according to the Web site.
Tesla repays government loans – a first, say Tesla. Chrysler disagree.
Thu, 23 May 20132013 is turning in to a very good year for Tesla. The Tesla Model S has had more praise heaped on it than almost any car ever has, they are making an operating profit and their shares are going through the roof. So with the stars aligning for Tesla they’ve taken the opportunity to pay back $465 million of US Department of Energy loans, nine years early.
AutoWeek Fantasy Camp 2011: Pushing the limits in the best sports coupes under $50k
Sat, 14 May 2011What did you spend your Saturday doing? If you were signed up for AutoWeek Fantasy Camp, you'd have climbed into the ten best sports coupes under $50,000 for a day of blasting around the Ford Dearborn Development Center. Participants started with a morning briefing covering safety regulations and track guidelines; after that, they cut loose on the track for 9/10ths driving with pros riding shotgun, full vehicle evaluations, plus conversations with Chip Foose and the folks from Meguiars and ZF.