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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford 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.
Australian Grand Prix (2011) RESULT
Sun, 27 Mar 2011The 2011 F1 Season starts in Melbourne Update: The Saubers – which finished a creditable seventh and eighth – have been disqualified for a technical infringement with their rear wing. Which moves the two Force Indias in to ninth and tenth places. It should all have happened a couple of weeks ago, of course.
Nissan Juke-R build continues with GT-R gearbox and drivetrain: Video
Mon, 07 Nov 2011We know the project: Putting a GT-R powertrain into a Nissan Juke. We've talked about the transfer of technology. We've seen the early stages of the build, and last week we saw Nissan marry the heart of the GT-R to the chassis of the Juke.