London hogging too much transport investment

THE UNDERFUNDING of transport projects outside London in recent years "cannot be allowed to continue", says a report from MPs. Ministers must use the new funding arrangements for local projects to "ensure that there is a fairer allocation of funding", said the report from the House of Commons Transport Committee. "No area across our nation should be second class in relation to the allocation of transport infrastructure funds," the MPs said.

Meguiar still recovering from viral infection

TV host and car collector Barry Meguiar remains hospitalized in Monterey, Calif., recovering from a viral infection, but his condition is improving, a spokeswoman said on Wednesday. Meguiar, 67, was said to be in stable condition last week. On Wednesday, the spokeswoman said Meguiar was still on the mend and was awake.

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.