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1969 Volvo P1800 gasser wins 2021 Hot Wheels Legends Tour

Hot Wheels has announced the winner of the 2021 Legends Tour: it's a 1969 Volvo P1800 gasser owned by England-based Lee Johnstone. Built from a bare shell, the V8-powered hot rod will join the toy manufacturer's catalog of 1/64-scale model by the end of 2022. Designers and key figures from the automotive industry chose the P1800 after looking at contestants from 11 countries on five continents. The list of finalists also included a 1991 Porsche 911 turned into a Baja race car, a 1969 Dodge Charger fitted with extra-wide tires and powered by a Richard Petty V8 engine tuned to 740 horsepower, and a 1968 Mercedes-Benz 250S called High Class that rides on a frame sourced from a 1984 Chevrolet S-10. Substantial skill and originality went into each build, but Johnstone's hot rod stood out above the rest. "The Volvo Gasser is a wonderful expression of authenticity, creativity, and most importantly garage spirit," said Ted Wu, the vice president and global head of design for vehicles at Mattel. Wu was one of the panelists that picked the P1800. Johnstone explained his P1800 was little more than a rusty shell that was too far gone to restore when he acquired it. Instead of scrapping it, he decided to build it into a gasser powered by a 454-cubic-inch V8 plucked from the Chevrolet parts bin and supercharged to develop around 600 horsepower. Fitted with dual four-barrel carburetors, and nicknamed "Ain't no Saint," it reportedly runs a 10.01-second quarter mile at 133 mph. Johnstone regularly races the P1800 in the United Kingdom with help from his three daughter and his wife, Sue. Hot Wheels is scheduled to release the P1800 in late 2022, Autoblog learned from a spokesperson. Turning a car into a toy is a surprisingly lengthy and meticulous process that involves collecting numerous photos, converting them into sketches (and, if needed, tweaking some of the proportions to better fit the 1/64 scale), making a 3D digital model using a software called Freeform, and printing test cars. Check out our live stream on the new game Hot Wheels Unleashed: This content is hosted by a third party. To view it, please update your privacy preferences. Manage Settings. Featured Gallery 1969 Volvo P1800 gasser (2021 Hot Wheels Legends Tour winner) Aftermarket Toys/Games Volvo Hot Wheels

Volvo credits China, Europe for first-half profitability

If everything goes to plan, Volvo might be showing the first signs of a turnaround after several years coping with old products and a staid image. The Swedish brand is imminently launching its next-gen XC90 SUV on a completely revised, modular platform and using a cutting-edge family of engines, and it has even more products to take advantage of the fresh components on the drawing board. "We are excited about the launch of the all-new XC90, which marks the beginning of the re-launch of the Volvo brand," said CEO Håkan Samuelsson in the company's announcement. In the meantime, the business is moving back to profitability and is even forecasting growth through the rest of 2014.
In Volvo's recently released financial and sales results for the first six months of the year, volume was up 9.5 percent to 299,013 cars. On top of that, operating income reached 1.21 billion Swedish krona ($175 million) after posting a loss in the same period in 2013. Net income was also improved to 535 million Swedish krona ($77.4 million), which was also a reversal from a negative last year.
With these great results, Volvo is now forecasting 10 percent sales growth worldwide by the end of the year, and the key to it is a booming market in some regions. China, home to parent company Geely, was up 34.4 percent first half of the year. It's now Volvo's biggest market in the world and helped by exclusive models like the S60L (pictured above) and S80L. "We are growing our presence in China and we expect to sell at least 80,000 cars there this year," said Samuelsson in the company's forecast.

Geely chairman is now the single biggest investor in Daimler

Li Shufu, the chairman and main owner of Chinese carmaker Geely, has built a stake of 9.69 percent in Daimler AG, the German carmaker said in a regulatory filing on Friday. The stake, worth nearly $9 billion at the current valuation for Daimler shares, makes Li the biggest single shareholder in the maker of Mercedes-Benz cars, trucks and vans headquartered in the German city of Stuttgart. A Daimler spokesman called the stake purchase a private investment by Li. "We are delighted, with Li Shufu, to have won over another long-term investor who is convinced of Daimler's innovative prowess, strategy and future potential," the spokesman said in response to a request for comment. "Daimler knows and respects Li Shufu as a Chinese entrepreneur of particular competence and forward thinking." Li's stake purchase makes him the top shareholder in Daimler ahead of the Kuwait Investment Authority, which owned 6.8 percent as of Sept. 30, according to Thomson Reuters data. Earlier this month, the German newspaper Bild am Sonntag reported that the Chinese industry giant was seeking to become Daimler's biggest shareholder, likely exceeding the 6.8-percent stake of the Kuwait Investment Authority. The paper said Daimler had reportedly turned down Geely's $4.5 billion offer for a 5-percent stake via a discounted share placement, saying that Geely could buy shares in the open market. Institutional investors currently own 70.7 percent of Daimler, and the company already has strong ties to Chinese automakers BAIC and BYD. Bild am Sonntag said the move was intended as a strategic alliance against Apple, Google and Amazon on autonomous and connected cars. And Reuters reported that Daimler wants to have bespoke "robo taxis" on the road quicker than Google's Waymo, and views Geely as a strong partner for that. Geely conversely is interested in Daimler's electric car battery technology, and sources quoted by the German paper say there are plans to establish joint electric car manufacturing in Wuhan, China, to meet China's smog-reducing quotas. Geely is developing the Lynk & Co. brand of electric and hybrid cars. Geely owns Volvo, which has enjoyed a renaissance under the arrangement, as well as the maker of London's black cabs. In December, it bought a stake in AB Volvo, the maker of Volvo trucks.