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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.

Design Essay: BMW i – Setting the industry agenda for the next decade

Many have already dismissed BMW i as a radical experiment too far ahead of its time, but looking beyond the glossy carbon fiber facade reveals three ways it will change the automotive landscape during the next decade: 1. Re-define the EV category Despite Tesla, Nissan, GM, Renault and Toyota all operating in the EV space, global sales in 2012 totaled just 54,000. Many put this down to high-cost and range anxiety, but another key factor is nearly always overlooked.

Jeep teams up with rocker Lenny Kravitz

Lenny Kravitz is going beyond radio play to bring his latest track “Rock Star City Life” to the masses. He's joining the crew of musicians and celebrities showing up in the new Chrysler commercials. The Grammy winner and longtime Jeep driver is hawking the Jeep Wrangler in a campaign in which the single is heard, and it shows Kravitz navigating an off-road course.