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Jaguar F-Type Coupe to make 2013 LA Motor Show debut

Not a convertible fan but love the razor-sharp styling of the Jaguar F-Type? You’re in luck, as Jaguar has come good on its promise of a closed roof version and is set to unveil its new F-Type Coupe at the 2013 LA Motor Show. With V6 and V8 power, now the Porsche 911, Aston Martin V8 Vantage and Audi R8 really have a fight on their hands.

General Motors draws on global designers for the new Chevrolet Corvette

For the first time, General Motors studios across the world have submitted design studies for the next-generation Chevrolet Corvette. Late last year, Ed Welburn, GM's vice president of global design, invited GM's 10 styling studios to submit design proposals. Some "were absolutely phenomenal," Welburn said.

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.