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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 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.

Land Rover pledges continued support for Race2Recovery

LAND ROVER has confirmed it will continue to sponsor the Race2Rocovery team of injured British servicemen who are tackling the 2014 Dakar Rally. The Race2Recovery team is the only disabled rally outfit in the world and will compete using Land Rover-based Wildcat race machines. Land Rover is providing the team with parts, logistics, vehicle and financial support throughout their 2014 campaign.

Kia GT revealed ahead of Frankfurt

Kia GT Concept - it's a cracker We proclaimed the Kia 4-door Concept, revealed last month, as the arrival of Kia as a credible maker of cars other than eco-boxes. And so it is, with the arrival of the real deal – the Kia GT. The Kia GT has been revealed ahead of Frankfurt, and it looks every bit as good as the promise in the original teaser image we saw of the then Kia 4-door Concept.