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Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

Rolls-Royce reveals first Wraith teaser

Rolls-Royce has released the first teaser image of the its upcoming Wraith coupé. The image, which confirms that the Wraith is a fastback based on the Ghost, shows a chrome bezel surrounding the rakish DLO as well as rear-hinged doors, as have become an RR trademark. What we can't yet see is the treatment of the nose and tail.

Upgraded Ford MyKey blocks explicit satellite radio channels

Teenage radio listeners might have to look somewhere else besides the family Ford for the Playboy channel or Howard Stern. The new generation of Ford's programmable MyKey system will let parents block "explicit" radio channels on the Sirius/XM satellite service in their cars. That would cover Playboy's and Stern's channels, as well as more than a dozen music channels, such as rapper Eminem's Shade 45 and the hard-rock Boneyard.