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Saturday night's all right at Barrett-Jackson auction

Auction company Barrett-Jackson has a long-standing tradition of selling cars with no reserve--meaning the car is sold to the highest bidder regardless of price--but a change in that policy saw several million-dollar sales Saturday night at the annual extravaganza in Scottsdale, Ariz. While most of the cars crossing the Barrett-Jackson auction block continue to be sold at no reserve, the auction giant offered up several classics with a reserve and the results were impressive. The top five sellers all eclipsed the magical million-dollar figure with the auction broadcast live on Speed TV.

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.

Renault Scenic unveiled at Geneva motor show 2009

By Tim Pollard First Official Pictures 03 March 2009 11:00 Practicality is the name of the game here. The Scenic led the charge into compact MPVs back when the genre was in its infancy – and you can tell how long ago that was by the fact that Renault today launched the third-generation Scenic and Grand Scenic duo. No prizes for guessing they’re closely related to the Megane hatchback family, so much of the hardware is shared.