1969 1970 1971 1972 Ford Pickup F-350 Power Brake Booster on 2040-parts.com

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.

Porsche finally becomes a VW company

Volkswagen has announced it is to finalise its takeover of Porsche by buying the remaining 50.1 per cent of Porsche stock for €4.46 billion. The takeover of Porsche by VW has been a long and rocky road, but then family fallouts are always messy. It all started with Porsche attempting to consume VW, but some clever manoeuvring by Ferdinand Piech thwarted the efforts of his cousin, Wolfgang Porsche, to swallow up his business and the financial crisis saw Porsche rack up €10 billion in debt in the process.

Michelin Challenge Design 2014 winners revealed

The winners of the Michelin Challenge Design 2014 have just been revealed at a private event in Detroit's Renaissance Center following the first press day of the NAIAS. Chris Luchowiec of Poland was awarded first place for his ‘BOT' design, a completely autonomous transportation solution for relatively low populated areas. His concept is designed to address the issue of lone car commuters, traffic congestion and the generally poor experience of mass transit use.