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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 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.

Mercedes E-class coupe and convertible (2017)

By Georg Kacher Motor Industry 16 May 2014 12:08 Mercedes’ renaissance promises to continue with the all-new E-class cabriolet and coupe. Under development and set for launch in 2017, the new sports cars share the all-new hardware from the E-class saloon (codenamed W213), including its boxfresh straight-six engines, and a high-tech cockpit to make Luke Skywalker envious. The design will evolve the look of the current car, which is pictured here.

The Yugo bites the dust!

So the Yugo is no more. Do you care? Not one dot, I’m sure.