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Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

Footballer dangerous driving trial

A FORMER PREMIER LEAGUE footballer is to go on trial today charged with dangerous driving after a three-car crash left a motorist with a fractured elbow. Ex-Sheffield United striker Marlon King is alleged to have committed the offence on his 33rd birthday while driving a Porsche Panamera on the A46 in Nottinghamshire last April. A 35-year-old man was airlifted to hospital after the collision at Winthorpe, near Newark, which was witnessed by an off-duty police officer on the afternoon of April 26.

Toyota Unveils new Prius at Detroit Auto Show: Bigger, with more power and less weight

Toyota introduced its third-generation Prius at the Detroit Auto Show with an extensively re-engineered hybrid drivetrain. Ninety percent of the Prius's hybrid synergy drive system has been redesigned, with the focus on weight reduction. The lighter components include the transaxle to cut down on torque loss, inverter with direct cooling and smaller motor.