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Ghosn wants to expand Daimler ties; calls alliance a ‘powerhouse'

With chatter swirling about potential expansion of the Renault-Nissan alliance, CEO Carlos Ghosn on Thursday put his support directly into expanding the automakers' relationship with Daimler AG. “We know we have a powerhouse,” Ghosn said in a media roundtable at the Paris auto show. “When you add the R&D of Renault, Nissan and Daimler, we are the largest in the industry,” Ghosn said.

PSA: Your Green With Envy 2011 Dodge Challenger is on the way

Detroit can be a hard place to live, but for the car-inclined, it's also dotted with daily treasures that make the trouble worthwhile: Perhaps there's a manufacturer-plated Alfa Giulietta parked at the grocery store. A Chevrolet Volt parade cruising up Woodward Avenue on a random Wednesday. Or my treat this morning, a truckload of Green With Envy 2011 Dodge Challenger R/T Classics on their way to market.

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.