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Brabus tunes Mercedes-Benz GLK

Yes, this is the same Mercedes-Benz GLK that broke cover in New York during the Sex and the City movie, but we guarantee Carrie, Sam, Miranda and Charlotte wouldn't be caught dead in it. That's because German tuner Brabus took the standard Mercedes GLK and made it into a 200-mph freight train. The go-fast guys started by wedging a Mercedes-sourced, twin-turbo V12 into the GLK's engine bay.

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.

New Ford Mondeo to get new 1.5 litre EcoBoost engine

The new EcoBoost engine will also be turning up in the Ford Fusion for North America, but the UK and Europe are going to have to wait until at least the end of 2014 – when we get the new Mondeo - before the new engine is on offer. The 1.5 litre EcoBoost offers improved economy and emissions compared to the 1.6 litre currently available  - with similar power, performance and torque compared –  but one of the main reasons for offering it is that many countries offer tax breaks for engines under 1.5 litres. The new engine will be built by Ford In Romania initially (although it will get churned out elsewhere too in due course) and offers turbocharging, direct fuel injection and variable valve timing.