Factory Honda Remote Keyfob on 2040-parts.com

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.

Volkswagen to take full control of Porsche

Volkswagen Group's decision to take full control of Porsche Automobil Holding SE's carmaking business is seen as positive by analysts. VW said it has agreed to buy the remaining 50.1 percent of Porsche SE's automotive business that it doesn't already own for 4.46 billion euros ($5.54 billion), ending a seven-year takeover saga that divided two of Germany's most powerful families. The agreement means Volkswagen can now fully fold the Porsche automaking business into its stable of brands, which range from Audi and Bentley sedans to Skoda and Seat volume models and Ducati motorbikes.

Mystery Porsche prototype destroyed in fire near Stuttgart

According to the Porsche-lovers at flatsixes.com, an unknown Porsche prototype caught fire after being taken home by an employee earlier this week. It reportedly took 19 firefighters to extinguish the blaze, which occurred in a home garage in Ludwigsburg, Germany (a city located near Porsche's home in Stuttgart). Fortunately, the employee and his wife suffered only minor injuries, but we assume the prototype is a complete loss.