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Geely president Li Shufu admits disputes with Volvo managers

Three months after becoming the new owner of the Swedish car brand Volvo, Zhejiang Geely Holding Group Co. President Li Shufu said he disagrees with Volvo's management about its product plans. Speaking last week at a forum hosted by the Chinese Web site of the Financial Times in Shanghai, Li said that Volvo should develop large cars for China.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

New Toyota MR-2 Hybrid planned?

Bset Car Magazine's take on a new hybrid MR-2 / MR-S The Toyota MR-2 was a much loved sports car in its day (despite the MR-2 bit sounding like ‘Sh*t’ if said in French) and lovers of the MR-2 have long bemoaned its passing. But if reports by Japan’s Best Car Magazine are to be believed, Toyota are planning a new MR-2 as a hybrid to take on the Honda CR-Z Coupe. Which does have a ring of truth to it.