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Porsche driver Hans Herrmann, Autoweek columnist Denise McCluggage inducted into Sebring Hall of Fame

Porsche great Hans Herrmann was inducted into the Sebring Hall of Fame, two days prior to the 60th anniversary of the 12-hour race. He was joined by Geoff Brabham, Autoweek columnist Denise McCluggage, Johnny O'Connell and Jim Downing. Herrmann's racing career spanned from 1953 to 1970.

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.

Donate to help earthquake victims in Japan

With Japan stricken by natural disasters, AutoWeek encourages its readers to donate to the Red Cross. Tens of thousands of people are feared missing or dead, and the country is grappling with the aftermath of earthquakes, a tsunami and a potential nuclear catastrophe. To donate, please click here: www.redcross.org