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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.

2013 Ford Fusion prototype spied on the street

The Ford Fusion sedan is not that far away from shifting to a global platform that will also spawn a new Mondeo for European markets. Now prototypes of the new 2013 Ford Fusion have been captured running around on public streets. Despite the camouflage, it's easy to see that the 2013 Fusion is getting some significant changes.

Top Gear tonight: Merc 190E, BMW M3 & Sierra Cosworth for under £5k

Top Gear Super Saloons for under £5k Here we are at week two of the latest series of Top Gear already, so as ever a reminder that the boys are on the box at 8pm (BST) tonight on BBC2 and – to speak in TG – the footballists aren’t on tonight so you don’t need to Sky+ one or other. What’s on offer this week? It’s super saloons for under £5k this week with Messrs Clarkson, Hammond & May going out and grabbing some high-preformance saloons for under £5k to see if they can ferry the brood and offer high speed thrills to boot.