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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.

Cannonball Run seminar at Amelia Island was one for the ages

I don't think I've been to a bad car show, and that includes the local Kamaro Klub in the Dairy Queen parking lot. But I tend to judge the shows by the afterglow--how much you remember a day or two after the event. I tend to remember a lot after every Amelia Island Concours d'Elegance, and that is mostly because the founder, Bill Warner, uses his annual North Florida show to do exactly what you and I would do if we ran a big show--invite our heroes to come talk and invite the cars we'd like to look at ourselves.

Audi reveals 2014 TT interior at CES

To reveal a new car’s interior before we’ve even seen a concept sketch of the whole vehicle sketch seems odd. But nevertheless, that’s exactly what Audi has done with its 2014 TT, unveiling the car’s cabin at the Consumer Electronics Show (CES) in Las Vegas. The German firm’s choice of venue is significant, too, underlining how the new TT will “come with a new generation of electronics and connectivity features.” On Bing: see pictures of the 2014 Audi TT Find out how much a used Audi TT costs on Auto Trader The new TT will feature the same “Audi virtual cockpit” as the Audi Sport Quattro laserlight concept – also unveiled at CES 2014 – representing the first appearance of the new tech  a production Audi.