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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.

Citroën designer teases production Cactus on French TV

Citroën has given us a first glimpse of its production C4 Cactus model on a French television show. Viewers of TF1's ‘Auto Moto' program saw its presenter briefly lift the cover from the car's side, which showed that the unique ‘Airbumps' - made from a spongy material that protects against everyday wear and tear - have been retained, while a B-pillar and standard door handles have been added. An interior digital render was also presented, showing a cabin that's largely unchanged from the concept, which was unveiled at this year's Frankfurt motor show.

Is the Jaguar XFR-S on the way?

Is the Jaguar XFR-S on the way (2012 XFR pictured) New reports suggest that the Jaguar XFR-S – a more powerful XFR with the output of the XKR-S – is close to production. Last summer we reported that a Jaguar XFR-S was being planned (actually, we also said a Jaguar XJR-S was in the planning too) in order to take the fight back to the Germans, with the latest iterations of the BMW M5 and Mercedes E63 AMG now offering more power than the XFR can muster. The idea of a more powerful XFR wasn’t just wild speculation (or an educated guess as to what Jaguar needed to do to keep in touch with German rivals) but was also based on Adrian Hallmark’s comments that it would be nice to take the power upgrades on the XKR-S and extend them to the XF.