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Future products: Land Rover will get hybrids, smaller vehicles

New owner Tata Motors promises that Land Rover will add smaller vehicles and hybrid powerplants, but it hasn't said much about the timing. Land Rover will continue to share components with Jaguar, which is also under Tata ownership. Land Rover already uses Jaguar's 5.0-liter V8 engine in all but one of its vehicles.

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.

Ford shows Edge Concept

Ford took the wraps of the Edge Concept at the LA Auto Show, and the company says the crossover offers strong hints at the next-generation production Edge. The big news is a sleeker shape, front and rear LED lights, better fuel economy and technology that includes self parking and obstacle avoidance. The self parking is a prototype technology using sensors that allow the Edge to be parked at the touch of a button, or remotely.