Vintage Boat Olympic Compass - Horizontal Mount (black) on 2040-parts.com

Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

Online driving licence to reduce insurance costs

First the tax disc, now your driving licence, as government plans to put driving records online are set to make the paper counterpart licence obsolete – reducing your car insurance premium in the process. By creating an online record that insurance companies can easily check, ministers and the Driver and Vehicle Licencing Agency (DVLA) expect insurance costs to fall, as insurers will be able to exactly analyse risk rather than hedging their bets. On Bing: see pictures of the counterpart driving licence Tax disc to be scrapped after 93 years At present it’s tediously time consuming for car insurance companies to check motorists’ driving records with the DVLA, which means most take people at their word about the number of penalty points they have.

Making the list: AW's Holiday Gift Guide

We're sure there's a gearhead or two on your shopping list for the holidays. Or maybe you just want to eliminate the uncertainty and give yourself a gift. Either way, we're happy to offer some inspiration on clothing, tools and cool things to get for your high-octane friends and family.