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Bugatti 'will continue to produce world's fastest car'

Bugatti will continue to produce the world's fastest cars - and that's a promise by the new chief executive of Bugatti. Wolfgang Durheimer, who took over as combined boss of Bugatti and Bentley in spring 2011, told CAR that being the fastest was a cornerstone of the modern Bugatti philosophy. 'It is vital that Bugatti produces the world's fastest car,' Durheimer said.

Ford and Geely agree on Volvo sale, could finalize deal in early 2010

Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today. Ford said that all of the deal's key commercial terms have been settled.

Maserati Levante SUV won't be imported from Detroit after all

For years, we've been hearing that the upcoming Maserati Levante SUV -- which debuted as the Maserati Kubang -- would be built at Chrysler's Jefferson North Assembly Plant in Detroit. The prospect of a high-dollar luxury crossover coming out of the gritty Motor City was intriguing, but the scheme made a certain sense -- the Levante is built on the same platform as the Jeep Grand Cherokee. Unfortunately, it's not gonna happen.