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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 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.

Chevrolet Volt visits the wind tunnel

By Ben Whitworth First Official Pictures 13 December 2007 10:00 Back in January the Volt was easily the surprise of this year’s Detroit motor show. Chevrolet reckoned its radical electric four-seater was such a breakthrough that it would transform the way we drive when it arrived in showrooms by the end of the decade. And it’s just announced that the production model will be significantly more efficient at scything through the air: the Volt has been sent to GM’s wind tunnel where Chevrolet’s aerodynamicists has smoothed off some of its blunt surfaces to create a shape that is 30 percent more effective at cutting cleanly through the air at speed than the original concept.

Opel Insignia Sports Tourer wagon spotted near GM's proving grounds

Just like my parents used to say, “You can't get anything by us, we have eyes everywhere.” Ominous threats aside, GM's European unit Opel tried to sneak an Insignia Sports Tourer station wagon onto the roads of Michigan. Luckily our roving eyes spotted the car--complete with turbo badges--and sent some photos back to the mothership. A wagon version of the European sedan has been spotted on Michigan roads before.