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This Week in 1958: Montgomery, NY, hosts Governor's Trophy Race for the third year in a row

Fifty-five years ago was the third consecutive year that a former Air Force base in Montgomery, N.Y., served as a racetrack. The Governor's Trophy Race was a growing event and spectators only had to travel 75 miles from New York City to see race legends like Carroll Shelby compete. Nearly 30,000 spectators came to the two-day event in 1957, and race organizers were expecting even more in 1958.

Hyundai opens new Flagship Showroom

Hyundai has opened a new flagship showroom in Romford, Essex, boasting the largest showroom of any UK Hyundai dealers. Deep in the heart of south Essex lies a golden triangle – bounded by Romford, Brentwood and Chigwell – where the wildlife sports orange plumage and fluorescent teeth and endless worker ants stream in to the great metropolis down the A12 to earn a crust in their daily grind. What better place to park a thumping great dealership than in the path of Towie money and commuter traffic thought Bill Cook, Director of Hyundai dealers Essex Motor Company.

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.