Episode #386 of the Autoblog podcast is here, and this week, Dan Roth, Chris Paukert and George Kennedy from Boldride.com talk about Morgan Stanley calling Tesla the most important automaker of the moment, the 2015 Hyundai Sonata Eco, more executive turnover at Cadillac, and rumors that a Chinese-built Volvo S60 will arrive in the North American market. We start with what's in the garage and finish up with some of your questions, and for those of you who hung with us live on our UStream channel,
According to a report in Reuters, the findings of an internal investigation conducted by Geely-owned Volvo is that its Chinese dealers vastly overreported their sales numbers in 2011, then even more vastly underreported their 2012 sales figures. About "half the dealers" out of the 151 total outlets gamed the system in order to get incentives for reaching volume objectives, falsely recording about 7,000 more units sold than was actually the case. Instead of 47,140 cars sold in China in 2011, the
Following the acquisition of Volvo by China's Zhejiang Geely Holding Group in 2010, we definitely saw this news coming. The two companies have signed an agreement that will give Chinese automaker Geely access to key technologies developed by Volvo, and in turn, the deal could help the Swedish automaker lower its production costs.