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Ford and Geely agree on Volvo sale, could finalize deal in early 2010

Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today. Ford said that all of the deal's key commercial terms have been settled.

Ford engine plant builds number 10 million

Ford's 90-degree, overhead-cam Modular V8 has covered a wide spectrum since it was introduced in 1991--powering luxury cars, SUVs, pickups and high-performance sports cars. A large number of those engines have come from a Ford plant in Romeo, Mich., which has now built its 10-millionth engine--a 4.6-liter V8 that is headed for a 2010 Mustang GT. The Romeo engine plant was converted from a tractor factory.

Hyundai Equus gets a stretched version in South Korea

In the luxury game, bigger is better. So it shouldn’t be a surprise that Hyundai has launched a stretched version of the Equus sedan in its home market. It’s called the Equus limousine, and it gets an extra foot added to its wheelbase, stretching the car’s overall length to 215 inches for nearly 18 feet of luxury car.