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Ford and Geely agree on Volvo sale, could finalize deal in early 2010

Ford expects to sign a deal to sell its Volvo car unit to China's Zhejiang Geely Holding Group by the first quarter of 2010 and close the deal in the second quarter, the U.S. automaker announced today. Ford said that all of the deal's key commercial terms have been settled.

Suzuki makes final push in U.S.

Corrected: The key for Suzuki to sell more cars in the United States, apparently, is to go out of business. American Suzuki Motor Corp., the bankrupt U.S. distributor, got court permission to bring in 2,500 more cars for the U.S.

Hyundai revises fuel-economy numbers downward again

Hyundai revamped its fuel numbers on its Sonata sedan on March 4, and on Monday it issued an apology for misleading buyers. This is the second time in two years the company has needed to make amends for false numbers. Hyundai said the original number on its Sonata was 12.6 km per liter, which translates to 29.6 mpg.