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Ford completes sale of Volvo to China's Geely

Ford said today it has completed the sale of Volvo Cars to Zhejiang Geely Holding Group for $1.8 billion. Divesting Volvo completes Ford CEO Alan Mulally's strategy of exiting European luxury brands to focus on the core Ford brand, following the U.S. carmaker's 2007 sale of Aston Martin, and of Jaguar and Land Rover to India's Tata Motors Ltd.

New Peugeot 308 GT hot hatch due on sale in 2014

Peugeot The Peugeot 308 GT will be unveiled at the 2014 Paris Motor Show this September, according to company insiders. Speaking at the launch of the 308 SW estate, Peugeot sources told us that the 308 GT will be revealed in its home market and is likely to go on sale before the end of the year. Technical details haven't been announced, but the 308 GT is expected to use a version of the 208 GTi's turbocharged 1.6-litre engine, with a similar power output of about 200hp.

Rare Horch 855 Spezial Roadster missing from Yanukovych car collection

Ukraine's president Viktor Yanukovych, now hiding in Russia, seemed to have everything imaginable and unimaginable in his car collection on the Dnieper River. Everything from a fiberglass-bodied Ford Custom Coupe based on a 1994 Ford Mustang, to an early post-war GAZ M20 Pobeda. A couple days ago, we gave you an exclusive look at his collection in detail, showing all the vehicles that anti-Yanukovych activists and journalists saw when they made their way to the compound following Yanukovych's hasty departure for Sevastopol by helicopter.