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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.

Mazda Furai concept sneak preview

Mazda Furai concept By Ben Whitworth First Official Pictures 12 December 2007 11:37 Mazda will pull the wraps of yet another concept car at Detroit – and has released this teaser shot to whet our appetites. Called the Furai – that’s Japanese for ‘the sound of the wind’ - the car was inspired by Mazda’s claim that on any given weekend, there are more Mazdas and Mazda‑powered racing cars in action on circuits across the United States than any other brand.Drawing design clues from racecars in the ALMS (American Le Mans Series), the Furai is underpinned by the Courage C65 chassis the company campaigned in the 2005 ALMS series, and it’s powered by a mighty 450bhp triple-rotor rotary engine. 'Furai purposely blurs boundaries that have traditionally distinguished street cars from racing cars,' says Franz von Holzhausen, Mazda’s North American director of design.

Vauxhall Corsa gets a 2010 eco facelift

By Tim Pollard First Official Pictures 19 November 2009 00:01 Blink and you'll miss it – but your accountant won't. The new 2010 model year Vauxhall Corsa has been nipped and tucked, tweaked and polished to produce an impressive average 13% fuel saving across the range.Five out of the six Corsa engines now produce less than 125g/km and the 2010 Corsa Ecoflex diesel now manages up to 76.3mpg (on the Government's not-especially-representative combined figures).How have they made the Corsas so much cleaner?Just good old-fashioned engine tuning, apparently. Most models also come with an eco gearshift indicator to guilt-trip drivers into shifting up at the earliest opportunity.Vauxhall claims it'll sell more sub-125g/km cars than any other model range in the UK in 2010; all manual gearbox Corsas will qualify for free tax discs from next spring when Britain's new VED rates come into force.Anything else new on the 2010 Corsa?It's not just fuel-saving, miser-making tips.