Volvo of Calabasas

Volvo has kept their lips sealed on just how much the highly anticipated 2011 S60 will cost...until now. The cat's out of the bag, or the trunk, or out from under the hood.

Renault, the French auto maker which owns an over 20% stake in Volvo, has come out to say they have no intention of selling their claim in the company.

The CEO of Renault Carlos Ghosn said Friday at a press conference that they have no intention of getting rid of their 20.5% stake in Volvo and Volvo Trucks. "For now, Renault is a company that has no problems of liquidity or cash..."

Speculation has…