King Knr 630 Nav Receiver on 2040-parts.com

Toyota FT-86 to get Subaru 2.0 litre Boxer engine

The Scion FR-S Concept - the North American Toyota FT-86 It’s actually starting to look as if Toyota – and Subaru, for that matter – are really going to finally get their respective fingers out and deliver to the market the affordable sports cat they’ve been promising for the last two year. The original Toyota FT-86 surfaced in 2009 with a promise of affordability and fun and we all got quite excited, especially as it was a surprisingly brave move for an increasingly bland and corporate Toyota. But then everything went rather quiet.

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 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.

Henrik Fisker leaves his eponymous company

Henrik Fisker, co-founder of Fisker Automotive, has resigned from the company as Fisker seeks funding to move forward. But Henrik Fisker managed to convince the car world his Fisker Karma was credible, even if its gestation has been plagued by problems,  the latest of which has been the demise of its battery supplier – A123 Systems – and the wrecking of a dock full of seemingly uninsured Karmas by Hurricane Sandy. The current problems at Fisker has seen them seeking a new investor, with two Chinese companies – Geely and Dohnfeng – vying to take a majority stake in Fisker Automotive and help Fisker recover sales of the Karma and move on with Project Nina, the smaller Fisker Atlantic.