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Racing with the pros at the Ford Octane Academy: Video

We've all wanted to play with the pros at one time or another. Whether it's Madison Square Garden, Joe Louis Arena or the newly named Mercedes-Benz Superdome, at one point or another we've all thought, “I can do that.” But we're auto enthusiasts here. Our pros have names such as Block, Foust, Gittin and Deegan.

Hello Chrysler, ciao Lancia?

Starting as early as 2011, Fiat S.p.A. may extend the Chrysler brand name to models currently sold as Lancias in Europe. Such a move would be a blow to the 103-year-old Fiat-owned automaker that many speculated would play a greater role in Europe following its parent's decision earlier this year to take control of Chrysler.

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.