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One Lap of the Web: Lambrecht cars, drifting red Italian cars, and lost east German cars

-- The Lambrecht Chevrolet sale is this weekend, and VanDerBrink auction house has posted some more walkaround videos of the lots. Check out this video which highlights some of the trucks and sedans, most of them with delivery mileage. -- Here's an interesting car that sold on eBay last week and attracted quite a bit of attention on Bringatrailer.com: a 1975 Peugeot 604 that was brought into the U.S.

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.

Video tour: Concorso Ferrari in Old Town Pasadena

Every spring, the Ferrari Club of America's Southwest Region puts on one of the best free shows you'll see all year. Concorso Ferrari is a gathering of prancing horses held right down the middle of the busiest street in the coolest part of Old Town Pasadena, Calif. West Coast editor Mark Vaughn leads us on a tour.