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Volvo’s new VEA family of four-cylinder engines starts production

As a result, Volvo has been planning a new range of four-cylinder engines to power their range in the future – the new Volvo Engine Architecture (VEA) – and has spent the last couple of years readying their design – and their facility in Skövde – to start production. And now it’s underway. Together with Volvo’s Scalable Product Architecture (SPA) the new VEA engines will be a core part of every new Volvo before too long, and will replace the five and six cylinder engines Volvo currently uses and will provide more power than current six-cylinder engines with economy and emissions better than current four-cylinder engines.

DRB-Hicom reject offer for Lotus

DBR-Hicom – owners of Proton and Lotus – have rejected an offer for Lotus and are intent on nursing it back to health. The rumours surrounding the fate of Lotus - especially after the Dany Bahar saga – have been rumbling around the car world for a long time. Will DRB-Hicom – who bought Proton, owners of Lotus, in 2011 – cut and run, or will they see Lotus as a possible jewel in their crown to be nursed back to health?

American Suzuki to pull out of U.S. auto market, file Chapter 11 bankruptcy

American Suzuki Motor Corp., beset by low sales, cutthroat competition and unfavorable foreign exchange rates, said it will pull out of the U.S. auto market and file for Chapter 11 bankruptcy protection. The company, in a statement today, said it will continue its motorcycle and marine engine business units and will continue to honor customer warranties.