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Buick LaCrosse GL concept debuts ahead of L.A. auto show

Summoning the colors of coffee, saddles and wine, Buick has crafted an upscale concept car to illustrate its potential for interior design. The LaCrosse GL debuted on Wednesday afternoon at a Detroit concert house, ahead of a showing next week at the Los Angeles auto show. The Buick LaCrosse GL features brown and caramel-colored cocochino leather inside, ice-blue stitching and an expensive-feeling suede headliner as Buick tries to lure new customers by promoting top-shelf interiors.

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.

Ralliart unit folds, but Mitsubishi keeps name

Mitsubishi will continue using the “Ralliart” brand name despite the demise of the Japanese racing parts company this week. Ralliart Inc., a wholly owned Japanese subsidiary of Mitsubishi Motors Corp., informed global distributors on Wednesday that it would cease business operations March 31. In the United States and Europe, Mitsubishi markets a Ralliart sports version of its Lancer, which has become a sporty halo car for the brand.