Taurus Window Switch Left Driver Side Front Master Gray Panel 1992 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 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.

Toyota sets electric car record at Nurburgring with TMG EV P001

Toyota TMG EV P001 - new EV lap record at the Nurburgring Every car maker wants a lap record at the Nurburgring, and Toyota is no different. What is different this time is that Toyota has taken a non-production car with an electric motor – the Toyota TMG EV P001 – to crack the record for an EV. Nurburgring regular Jochen Krumbach took the Toyota Motorsport EV P001 round the 20.8km Nürburgring Nordschleife circuit in a blistering 7m 47.794s, annihilating the previous record of 9m 1.388s.

Economic downturn might hit plans for Porsche small roadster

Porsche's decision on whether to build an entry-level roadster will depend on the global economy, CEO Matthias Mueller said. Mueller said that if the automaker decides to go ahead with the car, sales would begin at the earliest in the third quarter of 2014, but probably later. A decision on production will depend on how the global economic situation pans out, particularly in relation to the auto industry, Mueller said.