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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.

New SEAT Leon SC: Price from £15,370

The new SEAT Leon SC (3-door), which debuted at the Geneva Motor Show last month, will cost from £15,370 for the S 1.2TSI. Not only is the Leon SC cheaper than the Hatch, SEAT has gone to some trouble to differentiate the two with the SC getting a lower roofline, more steeply raked windscreen and new tailgate, as well as being 35mm shorter. Despite which the Leon SC still has decent leg and head room in the back and a boot that’s as big as the Leon hatch.

Toyota future products: U.S. comeback effort fueled with product blitz

Toyota plans an onslaught of products in the next two years that will attempt to propel the brand back into a leadership position. At least 10 new or redesigned products will arrive in dealerships by the end of next year. A major change in Toyota's product development process involves lengthening the platform cadence.