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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 onSunday 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.

Bentley Hybrid setup works across Bentley’s range of engines

You’ll be able to have a hybrid powertrain across Bentley’s range of engines With car makers increasingly hidebound by ever more stringent economy targets, even makers of the world’s most expensive, luxury cars are having to play ball. Which explains why Bentley has decided to go the hybrid route for their cars, with the debut of the Bentley Hybrid, a Mulsanne with the 6¾ litre V8 under the bonnet aided by an electric motor and a bank of batteries, at the Beijing Motor Show. It seems the Bentley hybrid solution – which is claimed to increase power by 25 per cent and improve emissions and economy by 70 per cent – is very similar to that used across the VW Group range, with an electric motor between the engine and transmission fed by a bank of batteries.

Audi Urban Concept City Car first photos

Audi Urban Concept City Car - first photos It’s hard to know exactly what Audi plans to do with their City Car - the Audi Urban Concept – once they’ve rolled it out to the world at Frankfurt 2011. Are they planning to put the diminutive electric Audi go-kart in to production? We really don’t know, but if they are, it’s a while away; we’ve been getting e-Tron concepts for an age with no concrete sign of their arrival, so any production Urban Concept from Audi is not going to happen quickly.