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Volvo designer Peter Horbury moves to China's Geely Group

Volvo Car Corp. styling chief Peter Horbury is moving to the Swedish automaker's sister brand, Geely Group, as senior vice president design. A decision on who will succeed Horbury as Volvo head of design has not been made.

Peugeot 207 Sportium Limited Edition

The Peugeot 207 Sportium It’s moving metal time again; that slow old time that starts once the new September registration fever has worn off, and before the new year arrives. And one of the best ways to move metal – or at least get punters to come and have a look – is to launch a limited edition model with some cut-price kit bolted on. So we get the Peugeot 207 Sportium, which Peugeot says “…builds on the already comprehensive standard specification of the previous special edition 207 Millesim model”.

GM sells Suzuki shares to raise emergency funds

By Tim Pollard Motor Industry 17 November 2008 15:24 GM is flogging its entire stake in Suzuki to pump cash into its survival funds. The General owns a 3% holding in Suzuki Motor Corporation and will sell 16,413,000 shares on the open market tomorrow. Based on today’s values, GM will raise an estimated £154 million through the sale, although Suzuki will exercise an option to buy back an equivalent number of its own shares in treasury stock.