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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 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.

Video: Check out new episode of Hagerty Classic Car TV

This week, Hagerty Classic Car TV takes us to the Concours d'LeMons in Monterey, Calif. But before that, we get news featuring the Ford Mustang, John Travolta and Auburn Auction stories. At Monterey, we get to check out the AMCs, Ford Pintos and MGs at the concours, along with a raced-out Ford Probe.

Ford Ka (2015) first official pictures

By Ollie Kew First Official Pictures 20 November 2013 16:00 This is the new Ford Ka, which Ford has slapped with a last-minute ‘concept’ tag. The reason it looks like the finished product is because underneath, the Ka shares components with the Brazilian market Figo, of which Ford has sold 100,000 in 2011. With production-ready giveaways bits like wipers and mirrors present and correct, it’s difficult to see anything changing before the new Ka goes on sale.