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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.

Porsche Cayenne S Diesel: The V8 diesel Cayenne arrives

Porsche has revealed the 2013 Cayenne S Diesel with a 4.2 litre V8 diesel offering 378bhp, 626lb/ft of torque and 0-62mph in 5.7 seconds. Back in April we reported that the Porsche Cayenne S Diesel was on its way with a V8 diesel engine to take on the BMW M50d and the upcoming offerings from Land Rover with a 2014 4.4 litre Range Rover Sport seeming a likely possibility. Now Porsche has caught up and revealed the Cayenne S diesel, which gets the 4.2 litre diesel V8 with a healthy 378bhp and a very useful 626lb/ft of torque, enough to scoot the Cayenne S Diesel to 62mph in 5.7 seconds – a bit slower than the M50d, but all that torque should make it feel at least as lively.

Jaguar XK 5.0 Prices and Specifications

Full Jaguar XK 5.0 - Coupe and Convertible - Specifications and prices below. The standard V8 version with the normally aspirated V8 is a great choice for a Grand Tourer. It offers performance pretty much up with the previous Supercharged XKR, but in a much more refined and civilised way.