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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.

Is this the Audi Q4 crossover?

Audi has released three official sketches of a new TT-inspired crossover concept set to make its debut at the Beijing auto show later this month. The high-riding crossover, whose details are being kept secret for now, is rumored to preview the upcoming Audi Q4 – Ingolstadt's answer to the likes of the BMW X4 and Porsche Macan. The new five-door shares design cues with the three-door Allroad Shooting Brake wheeled out at the Detroit auto show back in January, suggesting Audi is well into a series of new sporting crossover-style SUV models that will line up alongside the more practical SUV offerings already on sale today.

UK car production jumps as Europeans buy British

The UK’s car production jumped by 12% last month as demand from Europe for British-built cars increases. Nearly 80% of cars made in the UK are exported worldwide, and 142,158 were produced in March 2014 – compared to 126,909 in March 2013. Official: UK car production is booming UK car production hits six-year high That means so far this year the UK has built 404,803 cars, a rise of 2.9% compared to this time last year.