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The 2011 Geneva Motor Show will mark the return of the Cabriolet nameplate to the Golf range after an almost decade-long hiatus. Based on the underpinnings of the latest generation Golf hatchback, the two-door four-seater features a soft top with an electro-hydraulic drive that can be raised or lowered in only 9.5 seconds. The process can also be performed during driving at speeds of up to 30 km/h (19 mph).   The exterior styling is similar to the three-door Golf Mk6, with the Cabriolet featuring a unique rear section, lower profile roof line and more swept-back angle of its front windscreen frame. Whereas previous Golf Cabriolets featured a fixed central rollbar, VW's newcomer gets a pop-up rollover protection system similar to the one found on its sister Audi model, the A3 Convertible. Minus the four-seat layout, the Cabriolet's interior is identical to that of the hatchback. The Golf Cabriolet measures 4,215 mm in length, 1,424 mm in height and 1,779 mm i

At a press conference held earlier today in Beijing, Chinese-owned Volvo Cars announced plans to build a new plant in the city of Chengdu and continuing investigations for a second factory in Daqing, in north-eastern China. Volvo said that the deal is still pending approval from the Chinese government.   "We regard the Chinese market as the second home market for Volvo Car Corporation and a very important part of the plan to build a successful future for the company," said Stefan Jacoby, President and CEO of Volvo Car Corporation. The Chengdu assembly plant will only build Volvo cars and have an initial output of around 100,000 cars annually, with production estimated to start during 2013. Volvo said that the decision to expand in China will not affect operations and employment in Europe. "We will build an entirely new plant in Chengdu and further investigate the opportunities for establishing an additional factory in Daqing," said Jacoby. "

Tesla Motors has just released a preliminary, unaudited financial report concerning the year than ended on Dec. 31, 2010. The company reported losses of US$51.4 million in Q4 2010 and US$154.3 million for 2010, which was almost triple the US$55.74 million loss for the year ending Dec. 31, 2009. The EV automaker's revenue, however, rose approximately 5 percent in 2010 to $116.7 million. Revenues for the fourth quarter of 2010 were US$36.3 million, a 16% increase from the US$31.2 million reported in the prior quarter. Tesla added that gross margin improved to 26% for the full year 2010, up from 9% for 2009. The company 's future plans include the launch of the Model S, which is scheduled to go on sale in the middle of next year. Scroll down to read Tesla CEO Elon Musk's statement.   photos Read more In Cars

At next week's Geneva Motor Show, Smart will reveal a new concept model called the ForSpeed that signals a new design direction and hints at future products from Daimler's small car brand. The ForSpeed is a zero-emissions roadster model with a unique look that is powered by an electric motor. In a similar fashion to Smart's 2001 Crossblade that was produced in a limited run of 2,000 units, the ForSpeed has no roof or side windows and it features a low wind deflector instead of a windscreen. However, unlike the Crossblade, the ForSpeed does get a pair of doors as well a fabric tonneau cover for weather protection. While Smart has no immediate plans to produce the ForSpeed, key styling elements such as the headlamp and tail lamp designs with the outer rings illuminated by a LEDs as well as the more prominent front grille, will be carried over to future products including the next ForTwo series and the new five-door ForFour as the company plans to create a