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Ford names China's Geely as preferred bidder for Volvo

Chinese automaker Geely Group Holding Co. is Ford Motor Co.'s preferred bidder to purchase Volvo Car Corp. Ford said Wednesday that it will start more detailed negotiations with Geely, adding that no final decisions have been made.

Mitsubishi upgrades the Outlander Sport

The base version of the 2014 Mitsubishi Outlander Sport will cost $19,470, not including destination. The Japanese company is touting the SUV as being American made due to its birthplace in the funnily named Normal, Illinois. All-wheel-drive models start at $22,070.

Scion future products: City car, sports coupe part of new direction

A new wave of Scion products could redefine a brand that has consisted of boxy hatchbacks and a lone sporty coupe. The launch of the iQ minicar reflects what executives call "the new urbanism" of young buyers. And the arrival of the FR-S rear-drive performance coupe will raise Scion's pricing, giving tC owners an aspirational vehicle.