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Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

BMW i3 caught testing in New York

BMW has been hyping its futuristic i lineup for years now, but the long lead time doesn't mean that the highly efficient, carbon-fiber-based vehicles are vaporware. Earlier this month, we test drove pre-production versions of the i3 and i8, and last week, Autoweek reader Frank Cogliano spied the former vehicle on the road. Cogliano caught this wrapped i3 near Stony Point, New York -- about 30 minutes from BMW's New Jersey headquarters.

Saab targets customers' hearts, brains and wallets in North America

Saab executives said they're optimistic the struggling brand will be able to attract customers despite production stoppages at the company's Trollhaettan, Sweden, plant and cash flow problems. The Swedish automaker aims to target consumers and instill confidence with a grass-roots marketing campaign that focuses on the "heart, brain and wallet," Saab Cars North America President Tim Colbeck told reporters at Saab's North American headquarters in suburban Detroit on Thursday. Colbeck said the company must move away from selling vehicles based on price and focus more on making customers enthusiastic about driving Saab's vehicles.