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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.

One Lap of the Web: A Mustang limo for the president, and the joy of shop class

-- We imagine that the Secret Service is currently receiving fervent and excruciatingly detailed bids from Avanti, Zimmer, and DeLorean to build the next great presidential limousine. Well, why shouldn't Ford submit one -- again? Here's a 1966 Mustang limousine in which President Camacho would look swell riding in the back.

Goodwood Revival 2009 – Starts today

The Goodwood Revival this year concentrates on all things 'Mini'. This year’s theme is ‘Swinging Sixties’ which gives us the excuse to run the shot of the Mini-Skirted lovelies at the top. There will be a recreation of Carnaby Street from its sixties heyday, with Saturday being ‘Ladies Day’ with the encouragement to wear the shortest skirts possible (I think there should be a ‘Leg Judge’ to qualify the participants, though – I know, chauvinist pig).