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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 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.

Porsche 918 RSR concept (2011) first official pictures

Porsche opens orders books for 918 Spyder (2011)Porsche 918 Supercar hybrid to be builtCAR interviews Porsche's R&D boss Wolfgang Durheimer (2011) Two of 2010’s most exciting cars were the Porsche 911 GT3 R Hybrid racer, and the Porsche 918 Spyder concept car that previewed Porsche’s hybrid successor to the Carrera GT supercar. What do you get when you mix the two together? Answer: the new Porsche 918 RSR, just unveiled at the 2011 Detroit motor show.

2014 MINI leaks ahead of reveal

2014 MINI leaks ahead of reveal MINI has been busy teasing the new MINI for a while, with an official reveal planned for later today to coincide with the 107th birthday of the Mini’s creator – Sir Alec Issigonis. But the best laid plans of MINI have garnered a bit of a wrinkle with the first official photos (above) of the new MINI leaking out online ahead of the official reveal. They don’t really tell us much we don’t already know – especially with the MINI Vision Concept previewing the new MINI – but do confirm the new MINI still looks as we would expect, just bigger and better equipped and based on a new BMW platform.