Geely Automotive

Lynk & Co has teased its upcoming 03 sedan with a set of official 'spy images' this week, ahead of a full debut later this year or early next. Set to become the new Chinese brand's third model when it goes on sale, the Lynk & Co 03 will share its Compact Modular Architecture (CMA) platform with its 01 and 02 stablemates, along with the Volvo XC40.

Swedish manufacturer Volvo could soon feature engines from the Mercedes-Benz range, according to a new report out of Germany. Manager Magazin claims the German marque's parent, Daimler, is considering working closer with Volvo's Chinese parent Geely – it's also worth noting Geely's boss and principal owner, Li Shufu, owns a 9.7 per cent share in Daimler.

Zhejiang Geely Holding Group, parent of Chinese carmaker Geely, has acquired US-based flying car developer Terrafugia with the aim of bringing a proper flying car to life. The two companies plan to utilise their respective expertise to further the development of flying cars, with Terrafugia already having tripled its US engineering team as part of an expansion ahead of the takeover.

Welcome to the CarAdvice.com News Desk, a regular video wrap of the latest happenings in the automotive world and Australia's new-car market. Keeping you in the loop, Tegan Lawson presents a weekly video from the CarAdvice Garage,with everything you need to know about the week in news and reviews. What happened in the week ending February 24, 2017? Catch our video above, and links to the full stories below.