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Ford reaches agreement to sell Volvo to Geely for $1.8 billion
Sun, 28 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 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.
Video: 2014 Jaguar F-Type V8 at speed
Mon, 04 Mar 2013Sixty years ago, Jaguar test driver Norman Dewis posted a then-world record 172.4 mph flying mile in a Jaguar XK120. The car had no seat and a perspex bubble was fitted over the cockpit to improve airflow. Over last weekend, Jaguar returned to the site of that famous run: Jabbeke, Belgium.
The Cavallino Classic-A celebration of everything Ferrari.
Thu, 21 Feb 2013Deep in the heart of winter, Florida's Gold Coast becomes the “Center of the Universe” for Ferrari fanatics as thousands of Tifosi turn out for the Cavallino Classic. Based in Palm Beach, Prancing Horse aficionados converge on the resort town that is also an island for a four-day convention celebrating the art of a certain Italian automobile. While there was a preponderance of rosso corsa (race red) on the greens, the objects of Enzo's intentions displayed a surprisingly vivid pallet that ranged from silver to yellow, to blue metallic and even Dennis Nicotra's inspiring 1953 matte black-finished 166MM, making its debut after an extensive restoration.