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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.

Auto Show: Los Angeles Auto Show gives preview into design competition

Ask automobile designers to come up with their interpretation of the 'Ultimate LA Machine' and you'll get a broad array of creative ideas. That's precisely what the LA Auto Show asked Los Angeles area automobile design studios to do - and the results are fascinating, entertaining and thought provoking. The LA Auto Show has provided a sneak peek into the competition by releasing one of the 13 entries - the Hyundai NTT, 'Entity', submitted by the Hyundai Kia America Design Center.

Peugeot tease new sports saloon concept for Beijing Motor Show

Lurking under this cover is a new Peugeot Concept for the 2014 Beijing Motor Show Peugeot do good concepts, even if many don’t actually make it in to production. A case in point is the stunning Peugeot Onyx Concept we saw at the Paris Motor Show in 2012, which came with great styling, copper and carbon fibre bodywork, the use of unusual materials like crystal glass and compressed paper and a powertrain that used a 3.7 litre V8 at the back with an electric motor for added green credentials. Peugeot say their latest concept – which will debut at the Beijing Motor Show in April and is teased by the photo above – will use the same sort of innovative materials as the Onyx (which probably means it too will never see production) and preview the future of Peugeot’s styling.