Volvo Car Corp. says it has signed an $800 million loan agreement with the China Development Bank that will help it finance the development of new cars in the market.
Daily Archives: November 27, 2013
Lotus secures £10m government grant
Lotus has secured £10.44m of government funding, which it is to invest in creating new jobs in research and development. Lotus announced a host of new models in 2011 but none have entered production.
Driver offended by “WH0 R8X” license plate
A Missouri driver, Deb Levy did not appreciate the message she saw on the state issued license plate that she recently received. KTVI Fox 2 News reported that Deb Levy’s new plate read “WH0 R8X” something she was offended by and felt could be read as, “whore eight times.”
NY Driver With Untied Bikini Top Cleared in Crash
An appeals court has cleared a driver in a fatal crash after agreeing she faced an “unforeseen emergency” when a back-seat passenger untied her bikini top.
PSA CEO succession seen as key to completing Dongfeng alliance deal
PSA/Peugeot-Citroen’s move to name former Renault No. 2 Carlos Tavares as its future CEO stands to help secure an alliance with Dongfeng Motor Corp., which may be the carmaker’s last chance to end its reliance on Europe’s slumping car market.
