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Chrysler future products: Only one minivan, no Jeep Compass

In 2014, Chrysler Group will drop the Jeep Compass and replace the Chrysler Town & Country minivan with a crossover, Fiat-Chrysler CEO Sergio Marchionne has revealed. The changes are part of a long-term effort by Marchionne to give each Chrysler Group brand a more distinct identity and eliminate product overlaps. Brand identity is crucial for Chrysler because more than 90 percent of its dealerships now sell all four volume brands: Chrysler, Dodge, Jeep and Ram.

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.

Lotus 'Eagle' (2009): first pictures

By Ben Pulman First Official Pictures 15 July 2008 19:00 This is the long-awaited new Lotus 2+2, with a 3.5-litre Toyota V6 and four apparently useable seats. It's the first new Lotus for 13 years and a pretty significant launch, due for its show debut at the 2008 London motor show later this month on 22 July 2008. That's when we’ll find out the name of this new Lotus – codenamed Eagle – but in the meantime the company is teasing us with some new details.