2004 Volvo S60 2.5t Awd, Only 67k Miles, Not Running But Great For Parts on 2040-cars

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Volvo Cars reports theft of R&D data by hackers

STOCKHOLM — Volvo Cars said on Friday it had launched an investigation into a cyber security breach and the theft of some research and development data that could impact the company's operation. A spokesperson for the firm, majority owned by China's Geely Holding, said it had been approached by a third party, but declined to give any further details. "Investigations so far confirm that a limited amount of the company's R&D property has been stolen during the intrusion," the Swedish carmaker said in a statement. It added that "there may be an impact on the company's operation," without specifying what that might be. It said it did not see an impact on the security of its customers' cars or their personal data. The Gothenburg-based company said it had implemented security countermeasures to prevent further access to its property, while notifying relevant authorities. "Volvo Cars is conducting its own investigation and working with a third-party specialist to investigate the property theft," it said. Shares in Volvo Cars, whose IPO on Oct. 29 was the biggest in Europe this year, were down 3.2% at 1555 GMT.  

Which car companies are creating new jobs in America?

Since January, automakers have announced investments totaling $9.5 billion in U.S. plants, creating or retaining more than 12,000 jobs. Some of those companies have yet to announce just how many jobs will be created given their investments, with the location of many of those jobs still to be determined. Specifically, the 4,000-job Toyota-Mazda joint venture plant still hasn't announced its location, with numerous states jockeying for it. Hyundai has plans to invest $1 billion but has not announced a jobs number yet. And likewise Ford is investing $1.2 billion in Michigan without specifying a number of jobs. Volvo this week announced plans to add a second line to its factory under construction in South Carolina, spending another $500 million and adding 2,500 jobs to the 2,000 it was already trying to fill. Then Thursday, Daimler announced a $1 billion expansion to its facility in Tuscaloosa, Ala., to produce EV batteries and electric SUVs, a move that will add 600 jobs to its hiring this year. Above, we've created a handy pie chart showing you which companies have announced new jobs and how many there will be. Reporting by Paul Lienert in Detroit News Source: Reuters Plants/Manufacturing BMW Chrysler Ford GM Honda Hyundai Mazda Mercedes-Benz Toyota Volvo jobs

Turn up your speakers for this Shelby-powered Sunbeam Tiger and friends

Most of us are never going to be like Jay Leno and drive a new car every day. However, it's possibly affordable to collect a handful of vintage rides, especially if you look a touch off the beaten path. In recent video, Petrolicious highlights Hans Abrahams, who is doing just that. He has three 1960s, European classics that love to be driven.
The absolute star of the trio is a 1966 Sunbeam Tiger. In the cabin, it has the meaty growl of a muscle car, but outside it has a little of the raspiness of period European cars. Abrahams says its mostly original except for its Ford 289-cubic-inch (4.7-liter) V8 with Shelby parts, producing around 273 horsepower. He says it's a bit difficult to maintain and hard to keep cool, but when you hear it, you know the trouble is worth it.
Next up, is Abrahams' 1965 MGB that is a bit of a monster in its own right. It lacks the Tiger's oomph under the hood, but it's loud enough to blow out Petrolicious' microphone. It's still a very cool little roadster.