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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.

Ford brings stop/start system to U.S.

Ford will equip many of its U.S. cars and SUVs with stop/start technology, beginning in 2012, which automatically shuts down the engine when the vehicle comes to a stop, cutting down on fuel use and emissions. The technology, which Ford calls Auto Start-Stop, will be available with either manual or automatic transmissions.

New Audi TT images appear ahead of Geneva debut

Peter Murphy and Walter Gropius walk into Geneva's Palexpo, look at the new Audi TT and proclaim, "This ain't a return to Bauhaus, in fact, it looks like it might just be heavy refresh. Dag." Clearly, that's a fictional scenario. Gropius is as dead as Bela Lugosi and Murphy suggests that there won't be any further Bauhaus reunions.