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Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

De Tomaso Deauville

The revival of the DeTomaso name sparked an instant nostalgic focus on the infamous Pantera supercar. The Deauville, as unveiled at Geneva, was anything but the low-slung two-seater that people were anticipating. Penned by Pininfarina, the Deauville is a luxury sport sedan, meausing in at over 5000mm in length and almost 2000mm in width; the car seemingly attempts to blend genres, resulting in a high riding, four-wheel drive sports hatch.

GM to invest $230 million in four Michigan plants to build Chevrolet Volt, Cruze

General Motors Co. said Tuesday it will invest more than $230 million in four plants around Flint, Mich., to help build the 2011 Chevrolet Cruze compact and the Chevrolet Volt plug-in hybrid sedan. The move will restore about 500 jobs, GM said in a statement.