Ford Model "t" Steering Wheel 16" on 2040-parts.com

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.

Mercedes S63 gets new 5.5 litre V8

The Mercedes S63 AMG is the firts to get the new AMG 5.5 litre V8 Bi-Turbo Mercedes’ top end AMG engine has changed over the last few years. It’s gone from a 5.5 litre supercharged lump to the now ubiquitous 6.2 litre normally aspirated engine, which anomalously gets badged ’63′ throughout the cars that sit at the top of each of Mercedes big-engined ranges. But now we go back to the future with the return of a 5.5 litre V8 – admittedly a completely new engine (M571) – which this time round sports a pair of turbochargers and delivers 554 hp and 590lbs/ft of torque.

Ford Kuga launched in Australia – but it’s the old Kuga

The old Ford Kuga is the new Ford Kuga in Australia In what seems an odd move, the current Ford Kuga has been launched in Australia, just weeks from the debut of the 2012 Kuga in Geneva. You can’t have failed to notice that the 2012 Ford Kuga is just round the corner – and due to debut at Geneva in March – and we’ve already seen most of what the new Kuga has to offer with the debut of the new Ford Escape at Los Angeles last November. But despite the world readying itself to put in an order for a new Kuga, our Antipodean cousins are only now getting the chance to buy a Kuga, but its not the all new Ford Kuga, rather the Kuga we’ve had for the last four years.