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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 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 on Sunday 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.
Porsche 918 infotainment system to be based on HTML5
Wed, 07 Aug 2013While some automakers, like Ford and General Motors, are beginning to open up their code to outside developers via application programming interfaces, Porsche's taking a very interesting route for the 918 Spyder's infotainment system. The the hybrid supercar's dashboard interface uses the same code that the modern Internet runs on: HTML5. Germany's AutoBild reports that Porsche cites the ease of programming as part of their rationale for the system; smartphone integration is another.
Lexus LF-Gh at New York
Mon, 21 Mar 2011Lexus LF-Gh Concept at New York First, the image at the top. This isn’t a photo of the Lexus LF-Gh by a modern impressionist, it’s just the image Lexus are using on a site that seems to have sprung up today - Lexus LF-Gh Concept. Secondly, we really have no clue what the Lexus LF-Gh Concept is that is going to turn up in New York in a few weeks.