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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.

Nissan X-Trail

By Gavin Green Motor Shows 08 March 2007 11:39 So, a brand new Nissan X-Trail. Or is it? It doesn’t look any different… Yes, it’s new – new body, new platform and some new engines.

Maserati Ghibli teased ahead of Shanghai Motor Show debut

Maserati appear to be teasing the arrival of the smaller Quattroporte – the Maserati Ghibli – at the Shanghai Motor Show later this month. Maserati is on a bit of a new model rush at the moment, and it looks like the tease photo they’ve released today is for the new Maserati Ghibli. The Maserati Ghibli isn’t going to be a sporty coupe – as you might reasonably expect – but a cut-down version of the new Quattroporte, designed to take on the performance versions of Europe’s executive express cars – think BMW 5 Series, Mercedes E Class and Jaguar XF.