Olds 455 Mickey Thompson Valve Covers 350, 400,330 on 2040-parts.com

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.

Los Angeles, Miami on 2014 Formula E schedule

Today Formula E, the open-wheel world championship for electric cars sanctioned by the FIA, released a preliminary list of eight cities across the globe where races will be held: London, Rome, Los Angeles, Miami, Beijing, Putrajaya (Malaysia), Buenos Aires and Rio de Janeiro. Rome and Rio de Janeiro had been announced earlier, but the rest of the cities are new to the schedule. All courses will be run on city streets in downtown locations accessible to public transportation, according to a release by Formula E Holdings, the organization putting on the series.

Durheimer succeeds Paefgen at Bentley, Bugatti

Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.