Stewart Warner Tachometer 820620 Phipps And Bird 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 on Sunday 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.

Hottest 911 ever!

A few weeks back, we revealed spy shots of the next-gen Porsche 911 GT2. But now the Web is awash in reports from a Porsche dealer meeting in Germany where the company revealed the even-hotter GT2 RS. Reportedly pushing 620 hp from its turbocharged boxer-six engine, the track- and street-legal GT2 RS is said to be 200 pounds lighter than the GT2.

Phil Remington 1921-2013

Phil Remington, fabricator, designer, engineer, known popularly as “Mr. Fix It” throughout a racing career that spanned almost every generation and genre of American motorsports, died Feb. 8 at age 92.