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2011 Volkswagen Jettas to be sold for $5,995 each--really

Volkswagen is selling three 2011 Jettas through Gilt Groupe for $5,995--slashing the “1” from the usual $15,995 starting price. One car will be sold at noon Eastern time for three days starting on Dec. 15 in the flash sale.

BMW Concept X5 eDrive hybrid set for Frankfurt motor show

BMW is on a roll when it comes to electric-car technology, and the German automaker will be showing a new X5, dubbed the BMW Concept X5 eDrive, at the Frankfurt Motor Show in just a few weeks. The concept uses a four-cylinder gasoline engine with BMW TwinPower Turbo technology coupled with a 95-hp electric motor. This hybrid powerplant is coupled with BMW's xDrive all-wheel drive system.

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.