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Reports that General Motors will sell Opel dismissed as 'nonsense'
Thu, 09 Jun 2011German press reports that General Motors Co. is putting its European unit Opel/Vauxhall up for sale were dismissed as speculation by the division and as "nonsense" by a German state with an Opel factory. The magazines Auto Bild and Spiegel reported that GM is considering putting Opel up for sale as management is losing confidence that its European arm will return to profitability.
Volvo details new Drive-E powertrains
Fri, 16 Aug 2013Volvo released details of its new Drive-E family of powertrains on Friday. Vehicles with the extra-efficient engines will arrive at dealerships early next year. Drive-E is also Volvo's name for all of its green innovations, encompassing everything from a sustainable manufacturing process, use of recycled materials and low-emission powertrains.
Ferrari adds Apple executive to board
Wed, 07 Nov 2012Ferrari has tapped a high-ranking Apple executive responsible for iTunes and the App Store to serve as a new member of its board. Eddy Cue has worked for Apple for 23 years and reports directly to company CEO Tim Cook. He serves as senior vice president of Internet and software activities for the Cupertino, Calif., company.