Rear Main Bearing Set 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.

Dacia Duster launched

Dacia has launched the Duster in to the European market Dacia is Renault’s Romanian brand and produces its own cars mostly based on Renault underpinnings. It currently offers none of its cars in the UK, but that could change with the Duster, although the initial roll-out doesn’t include RHD versions. The budget conscious Dacia Duster is Renault’s budget arm’s take on a budget, compact SUV.

Toyota, Honda lead U.S. industry to 22 percent gain

U.S. light-vehicle sales, paced by Toyota and Honda, rose 22 percent in June as U.S. consumers continued to shake off economic jitters and replace aging cars and light trucks.