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1970 Chevelles fetch top dollar at Barrett-Jackson auction

The muscle-bound favorite of enthusiasts and boulevard cruisers everywhere, the 1970 Chevrolet Chevelle, returned in force at the Barrett-Jackson Orange County Collector Car Auction, June 25-27. The top seller at the event was an SS 454 LS6 convertible, which sold for $253,000. That was closely followed by an SS custom coupe, which went for $250,000.

BMW X4 debut at Detroit 2013

The BMW X4 – a coupe version of the X3 aimed at the Range Rover Evoque and Porsche Macan – will debut at the 2013 Detroit Auto Show. The BMW X4 – a baby X6 – has been on the cards for some time. We first reported BMW were planning on building a coupe version of the X3 in early 2010 and by late 2010 we were hearing that BMW had signed off the X4 for production.

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.