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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Mon, 29 Mar 2010Ford 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.
Volkswagen NCC concept
Wed, 20 Jan 2010Volkswagen's New Compact Coupe (NCC) concept previews the next Jetta, but with two-doors rather than four. The car's front - minus the hybrid-style closed grille - pretty much represents the new face of the sixth-generation production Jetta due on sale this November, and its syling is informed by the latest Polo as well as some recent concepts from the German brand. Read our opinion of the NCC concept's design in our 2010 Detroit Auto Show Highlights, and see more photos of the showcar in the photo gallery below.
Infiniti, Red Bull considering performance cars - Ghosn
Mon, 25 Jul 2011Infiniti and Red Bull could go into business together developing go-faster performance cars, Nissan CEO Carlos Ghosn has confirmed to CAR. The new August 2011 issue of CAR Magazine has a four-page interview with Ghosn (click here for a free digital preview) and we asked him if we will see a Red Bull-fettled Infiniti sports car. 'Why not?,' he replied. 'I don’t think we can bank on it today, but when Nissan people and Red Bull people come together and ask what can we do better, what can we do more of, if something like this makes sense, then why not?