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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.

One Lap of the Web: Janky Jettaminos, scary supercars and a two-wheeled tour of the Packard plant

-- Our friend Corbin is back! And he's got an even more terrifying car this time: the Jettamino, a Volkswagen Jetta diesel with the structural stability of a pool noodle and the hipster styling of an LCD Soundsystem reunion tour on wheels. (Fabric wheelarches have never been done before, for good reason.) Somehow, Corbin suckered his friend David into chopping off the roof.

Autoweek archives: Driving the ‘other' Porsche 959

For this selection of the Autoweek archives, we go back to May 1986 to join Roger Bell on his experience with the Paris-Dakar-winning competition Porsche 959 of Jacky Ickx. According to Bell, “It was a decisive result . .