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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 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.

Saab bidding closed, buyer announced soon

We should know the buyer of Saab soon The Swedish press have been told that the bidding on Saab has now closed and that the successful buyer will be announced shortly. It’s amazing how much interest – and speculation - there is around the demised Saab; so much so we’ve probably reported as much on Saab after its demise as we did when it was in the throes of turmoil. Saab’s administrator, Hans Bergqvist, has revealed that the bidding process is now closed and that he will be talking to Saab stakeholders to discuss the bids and confirm which of the number of bidders is successful.

Watch: 2014 Ram 1500 EcoDiesel video walkaround

Mike Cairns, chief engineer for Ram, says that people just can't help but pester him with the same damned question: “Why don't you put a diesel engine in a 1500?” Thanksgivings were, we imagine, brutal. The coming 2014 Ram 1500 EcoDiesel ought to steer family dinners back to less abrasive topics, like partisan politics. Get an up-close look at the truck in this video walkaround hosted by none other than Cairns himself.