What crisis? Luxury car sales boom in Russia

It’s a crisis with a twist. The Russian economy is collapsing, the ruble is near record lows, poverty is rising. But luxury car sales are booming. Porsche (POAHF) set a new record in Russia in 2015, with sales up 12.4% compared to 2014. Rolls-Royce also said...

Volvo promises deathproof cars by 2020

Volvo has made a shocking pledge: By 2020, no one will be killed or seriously injured in a new Volvo car or SUV. Seriously. “If you meet Swedish engineers, they’re pretty genuine,” said Lex Kerssemakers, CEO of Volvo Cars North America. “They...