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 on Sunday 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.

Tesla Model S hits the UK second-hand market – at a premium

You can have a Tesla Model S now, but it’ll cost you The Tesla Model S is now, finally, starting to the UK in RHD, and it offers, for the first time, an electric powertrain that comes very close to offering the same convenience in use as a normal ICE car. True, it’s a far from cheap car to buy – prices start from around £50k and go up to around £100k if you throw caution to the wind and spec up almost everything on the Model S options list. But despite the steep prices, the Model S can be something of a bargain, especially if you’re a business user.

Acura announces 2012 TSX pricing, special edition

The 2012 Acura TSX sedan and sports wagon gets a $200 price bump across the line, which puts the base model with a five-speed automatic at $30,695. Acura also announced a new Special Edition package ($31,695, including $885 destination) with upgrades to the exterior including a more aggressive front end, bumper and side sills. Seventeen-inch, five-spoke aluminum wheels get a dark gray finish, and a Special Edition badge adorns the trunk lid.