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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.

'Jag-Landy deal in 2 weeks'

By Tim Pollard Motor Industry 06 March 2008 18:50 It was the story that never happened. Rival media reported that the Jaguar/Land Rover sale would be completed at the Geneva Motor Show earlier this week, but CAR Online spoke to executives close to the deal who said it wouldn’t be for another couple of weeks.‘We didn’t want to over-shadow the products at the show, but to be honest the deal just isn’t done yet,’ said our insider. He said the paperwork and epic detail required on a deal of this scale had created new delays – and revealed that the 4-5 March date had been leaked from the unions, not Ford or Tata.

Small cars bring higher risk while SUVs are safer, insurance-group study finds

As late as 2007, parents were warned against buying their driving-age teens SUVs because of the rollover risk. Now it seems those are some of the safest rides on the road, according to an Insurance Institute for Highway Safety study released on Thursday. The Nissan 350Z sports car and the Titan pickup were on the low end of the list, along with the Chevrolet Aveo and the compact Cobalt sedan.