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Roush introduces three stages of fun for the 2013 Ford Mustang

Roush Performance is synonymous with high-performance Ford Mustangs, and for 2013 Mustangs, Roush will offer three stages of enhancement. For those who prefer cosmetics over performance, the Stage One kit consists of the R6 aerobody package, which includes a remodeled front end, a hood scoop, rocker panels, a three-piece rear decklid spoiler, race-inspired (not CFD tested) diffusers and new chrome exhaust tips. Stage Two is a step up for performance-minded Mustang fans.

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.

Aston Martin Vantage upgraded for 2012

Aston Martin's Vantage receives upgrades for 2012, with the base Vantage V8 getting the most attention. The Vantage V8 retains the 4.7-liter, 420-hp V8 and six-speed manual as standard equipment, but it now will be offered with the optional seven-speed Sportshift II from the Vantage S. The automatic transmission has closer ratios, a lower final drive ratio and quicker shifts than the previous Sportshift unit.