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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.
BMW Active Tourer to debut at Geneva 2014 as BMW 2 Series GT
Thu, 05 Dec 2013The BMW Concept Active Tourer will arrive as the BMW 2 Series GT BMW’s new platform for the new MINI isn’t just about providing a front wheel drive platform for MINI, but it will also be put to use in a new range of BMW FWD vehicles. That was previewed by the BMW Active Tourer Concept at the Paris Motor Show in 2012 (and again with the Active Tourer Outdoor Concept in the summer) and now the Active Tourer is heading in to production as the BMW 2 Series GT. The new 2 Series GT is the BMW answer to the Mercedes B Class, a compact MPV designed for moving people and their stuff around town, and Auto Express have learnt it will arrive at a Motor Show ‘Early in 2014′ (which we assume will be Geneva in March) as a production model ahead of a launch later in 2014.
Pebble Beach and Monterey car week 2013 preview: in pictures
Thu, 15 Aug 2013Every August, car nuts from around the globe congregate on the Monterey Peninsula, on the west coast of America, to pay homage to the internal combustion engine. A series of events is run, culminating in the most prestigious concours in the world – Pebble Beach. Over the next few days we’ll be bringing you coverage of the key events and some of the smaller ones too, all leading up the grand finale.