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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 Mar 2010Ford 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.
Honda NSX Concept GT takes on Suzuka
Mon, 03 Mar 2014Honda hinted at the second coming of the NSX sports car in 2011, before bringing a concept to the Detroit auto show in January of 2012. Not more than two months later, the company said it will also go racing with the hybrid all-wheel-drive supercar. This has finally come to pass: On Monday, Honda uploaded a video to its Japanese YouTube channel, showing the Honda NSX Concept-GT -- the racing version -- in action at the Suzuka Circuit.
Driven: Volvo S60
Fri, 13 Aug 2010Volvo has long been synonymous with safety. Yet safety has become mainstream; an attribute all brands own. The S60 therefore sets out to re-establish Volvo as a true safety leader, while defining a new direction for the brand.