Stant 17591 Locking Fuel Cap Plastic Black Each on 2040-parts.com

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.

Proton Satria Neo

Malaysian car manufacturer Proton have launched the new Satria Neo three-door hatchback, which replaces the Satria model introduced 12 years ago. Having formerly sold re-badged and out-moded Mitsubishi-derived models, Proton have since established a relationship with Lotus Engineering that began with the Proton GTi. Though cars such as the Elise demonstrate the depth of Lotus' abilities, partnerships with other companies reflect their breadth.

NO SIGN OF SLUMP IN VALUES ACCORDING TO LATEST REPORT

DEMAND continued to keep values relatively firm in the used commercial vehicle market in February, according to leading vehicle auction specialist, British Car Auctions (BCA). Despite volumes rising sharply average values fell by £76 (1.8%) in February while sold volumes increased by nearly 13% over the same period, following a near 50% increase between December and January. Average monthly values have broadly remained between £4,000 and £4,200 since summer 2010.