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Ford reaches agreement to sell Volvo to Geely for $1.8 billion

Ford has reached an agreement to sell its Swedish brand Volvo to Chinese carmaker Geely for about $1.8 billion in a multinational sale expected to close in the third quarter of this year. The pending agreement was announced onSunday morning, and Ford will continue to supply powertrains, stamping and other parts to Volvo after the sale. If it closes, the landmark deal delivers the premium Volvo brand--long a benchmark for automotive safety--to a Chinese firm that has ambitious plans for growth.

BAC Mono finally hits the U.S. (video)

Sector 111 – US importers of the epic BAC Mono – have finally revealed the first US Mono at Cars and Coffee in Irvine, California. It’s more than a year since we reported that Sector 111 would be offering the BAC Mono in the US and now, having completely sold their 2012 allocation of just 12 Monos, the first US built (well, bolted together from a CKD kit by Sector 111) has been revealed to petrolheads at the Cars and Coffee meet in Irvine, California. And the Cars & Coffee meeting is a great place for Sector 111 to show off their first Mono as its attended by a bunch of knowledgeable and wealthy Californians, just the sort of potential buyer Sector 111 are looking for.

College Exhibition: Strate College Degree Show 2004

Sep 20, 2004 - Graduating Transportation Design students at France's Strate Coll?ge displayed their Diploma projects in the school's annual degree show, held at the central Paris school in June. Go to Photo Gallery 220 photos Strate Coll?ge is one of the leading European schools for transportation design, and has become a major source of recruitment for automotive design studios in France as well as internationally. Graduating diploma student Thibaut Doneux presented 'Skin Deep', an interior concept for Renault.