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Lexus Design Awards open for entries under the theme 'Senses'

When we visited Milan Design Week earlier this year, the winners of the Lexus Design Award were a particular highlight – refreshingly free from automotive references, the work was in the true spirit of the city's celebrated annual festival. The theme of the 2015 competition is Senses, which opens up the opportunity for designers to explore sight, sound, smell, taste and/or touch. Entrants will be judged by a panel including architect Toyo Ito, curators Paolo Antonelli and Aric Chen, and Lexus president and former head of Toyota design Tokuo Fukuichi.

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.

Lincoln to replace waterfall grille

Love it or hate it, Lincoln's waterfall grille is on the way out, according to sources familiar with plans for the updated MKS sedan and MKT crossover coming next spring. One source said the MKS and MKT grille will be "completely different" from the current grille, which has been controversial. He said the new grille is "not as pronounced" as the waterfall and "more elegant." Ford might show the revised MKS and MKT at the Los Angeles auto show in November, says a Ford source.