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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.

2012 Mercedes-Benz C63 AMG Black Series revealed!

There is Mercedes-Benz, there is AMG, and then there is the Mercedes-Benz AMG Black Series. The last mentioned are so highly tuned and rare that AMG has slapped the Black label on only four models so far: the SLK55, the CLK63, the SL65 and now this, the C63 AMG Black Series coupe. We did not get to drive a C63 Black Series--but AMG did let us stand next to one and look at it.

Aston Martin Racing to sell V8 Vantage and DBR 1-2

Aston Martin Racing is offering for sale two pedigreed race cars for display -- both sporting the legendary Gulf Oil livery -- for the low, low price of $379,300 each, converted today from British pounds. The V8 Vantage GTE chassis No. X2 competed at the 24 Hours of Le Mans in 2012.