Valterra Bladex Metal Handle T1003-6mnvp on 2040-parts.com

Going, going, gone: Ford sells Volvo to Geely

Little more than a year ago, the name Geely would happily slip under the radar of most. Today, the Chinese company completed its purchase of Volvo from Ford. Geely stumped up a $1.3 billion in cash for the Swedish brand and issued a $200m note.

Amped Up! GM to hire 1,000 engineers and researchers for electric cars

General Motors will hire 1,000 engineers and researchers in Michigan for research and development of electric vehicles, CEO Dan Akerson said on Tuesday morning in Detroit. The new hires will work on batteries, electric motors and power-control technology. Akerson made the announcement at the factory that builds the 2011 Chevrolet Volt.

New Peugeot 108 revealed ahead of Geneva debut

The new Peugeot 108 (pictured) revealed ahead of a Geneva debut The new Peugeot 108, revealed this morning ahead of a Geneva Motor Show debut, is Peugeot’s new take on the city car and, certainly at first look, it seems a good effort. We always liked the Peugeot 107 and its ability to look better than its Citroen and Toyota siblings, be nippy and frugal around town and small enough to park almost anywhere. And although the new Peugeot 108 looks more grown-up, it does seem to promise what the 107 delivered but in a more sophisticated package.