1961 Dart, Dodge, Desoto Map Light (nos) on 2040-parts.com

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.

174-mph Volkswagen Golf R400 heads for Beijing motor show

Volkswagen has divulged plans to reveal a spectacular new Golf R-based concept car called the Golf R400 at this weekend's Beijing auto show. Said to preview a possible limited production model from Volkswagen's increasingly active R performance car division, the Golf R400 runs a powered-up version of the Golf R's turbocharged 2.0-liter direct-injection gasoline engine aimed at providing it with the sort of firepower to match the current king of the Euro hot hatchback brigade, the Mercedes-Benz A45 AMG. VW The VW Golf R400 makes 395 hp from a 2.0-liter turbocharged four-cylinder engine.

Porsche Macan means 1,000 extra jobs at Porsche

The Porsche take on the Audi Q5 – the new Porsche Macan – looks set to be Porsche’s biggest selling model ever and means 1,000 new jobs at Porsche. The ‘baby’ Cayenne – the Porsche Macan – is Porsche’s take on the Audi Q5 and a model that looks set to take Porsche’s sales to levels undreamed of a decade ago (pre-Cayenne). But although the Macan is based on the Q5 – just as the Cayenne shares its underpinnings with the Q7 and Touareg – Porsche say it will still be a red-blooded Porsche – the ‘Sports’ car in its sector – when it goes on sale later in 2013, so we don’t expect to see a lethargic eco diesel under the bonnet, although a fettled 2.0 litre TDI is highly likely.