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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 onSunday 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.

Cars & Coffee: Two ingredients to start off your SoCal weekend just right

Cars & Coffee is not yet on the FDA's list of the four basic food groups--but it really should be. It started out as a word-of-mouth gathering of eclectic and cool cars at a spot called Crystal Cove just south of Newport Beach, Calif., but it quickly outgrew that home. “Some of the guys got together, just a spontaneous gathering of, ‘Well, let's bring our cool cars,' ” said Pebble Beach judge, Ferrari collector and well-loved Ford PR guy John Clinard, one of, if not the main driver behind the event.

New Aston Martin Vanquish: The 2013 Vanquish officially arrives

The new Aston Martin Vanquish has officially arrived with sharp new looks, more power, less weight and a bigger price tag.  AM may not have been thrilled, but we all knew the AM310 from Villa D’Este was dusting off a moniker from Aston’s recent past to become the new Aston Martin Vanquish. And here it is – officially. In Aston’s best Porsche imitation, the DBS evolves in to the Vanquish without tampering too heavily with its looks, as AM310 already demonstrated.