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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 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.

A New Concours d'Elegance in Detroit

New name, new place, same cars--only more of them. The event formerly known as the Meadow Brook Concours d'Elegance has moved across metropolitan Detroit and is now called the Concours d'Elegance of America at St. John's , reflecting the show's national significance and the spectrum of collectors who flock to the annual summer summit of vintage sheetmetal.

2014 Range Rover Sport UK price & specifications confirmed

But as Land Rover has decided they are ready to make the specifications and prices for the new Range Rover official, it seems only fair to do a quick recap, although there’s not much we didn’t cover before. The 2014 Range Rover Sport comes in four trim levels - SE, HSE, HSE Dynamic and Autobiography Dynamic – and a choice of three engines - TDV6 and SDV6 3.0-litre diesel units and supercharged 5.0-litre V8 petrol – although not all engines are available on all trim levels. Equipment levels are decent with even the Range Rover Sport SE getting leather trim, auto lights and wipers, DAB, power tailgate, Stop-Start, Climate, heated front seats, SatNav, air suspension and Terrain Response.