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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 Mar 2010Ford 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.
BMW M4 coupe (2014) first official pictures
Wed, 11 Dec 2013By Damion Smy First Official Pictures 11 December 2013 12:00 June 21 2014 is the day the new BMW M4 goes on sale, yet BMW has released full details for the production version of its new hero ahead of its Detroit show debut in January. In case you missed it, the M4 is the new name for the two-door M3, and the flagship M version is more powerful, faster and tougher than ever. The outgoing M3 Coupe has proved the benchmark for the Mercedes C63 AMG and the Audi RS5 so the M4 will has its work cut out for it, having to live up to not only its rivals, but its predecessor.
German car makers are dropping big engines
Sat, 29 Nov 2008[ad#ad-1] It’s the trend at the moment, and one that won’t go down very well with our American cousins, who are fond of saying that ‘There ain’t no substitute for cubic inches’, as the three big luxury German Car Companies – Audi BMW and Mercedes – are planning to move away from their big ‘V’ engines. BMW V10 - on the way out The news started last week, when Audi let it be known that their new S5 will not use the V8, but will instead use a supercharged V6. Earlier this week, news came from BMW that its next generation of ‘M’ cars will forsake the V10s so beloved of M owners, and will instead go for turbo versions of the V8.