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Video: Autoweek thrashes the 2011 Porsche GT2 RS

Join Autoweek senior editor for motorsports Mac Morrison and road test editor Jonathan Wong as they put the 2011 Porsche GT2 RS through the paces at GingerMan Raceway in southwest Michigan. They take a closer look at what makes the car so special, and they get behind the wheel to find out for themselves. We'll bring you the GT2 RS VBox lap later this week, and stay tuned for Lexus LFA track action coming soon.

Codemasters extends game agreement with Formula One

Codemasters will continue as makers of the Formula One video game, the company said on Tuesday. It extended its deal with F1 honcho Bernie Ecclestone and friends and will work to expand the F1 video-game line across new platforms and to new audiences in the coming years. Codemasters was founded in 1986 by game-designing brothers Richard and David Darling.

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.