Auto News 5

As predicted late last week, Ford has announced it has entered into a definitive agreement to sell Volvo Car Corporation and related assets to Zhejiang Geely Holding Group Company Limited. Full story...

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. Full story…

General Motors says its 2011 Chevrolet Cruze Eco, set to debut Wednesday at the New York auto show, gets 40 mpg on the highway due to a GM first: a lower front fascia with shutters. Full story…

From the circuits of Europe to the hearts and minds of enthusiasts the world over, Ferrari and Porsche have traditionally ranked 1-2. Full story...

General Motors Co. says its 2011 Chevrolet Cruze Eco gets 40 mpg on the highway and features a GM first: a lower front fascia with shutters that close automatically at highway speeds to improve aerodynamics and fuel economy. Full story...

In the hunt for vital cost savings in the small car segment, Daimler is willing to blur a line in the sand it has drawn since its 2007 Chrysler divorce. The luxury producer is ready to acquire equity in a volume carmaker again. Full story...

In the hunt for vital cost savings in the small car segment, Daimler AG is willing to blur a line in the sand it has drawn since its 2007 Chrysler divorce. The luxury producer is ready to acquire equity in a volume carmaker again. Full story...

Zhejiang Geely Holding Group, China’s largest private-run automaker, agreed on Sunday to buy Ford Motor’s Volvo car unit for $1.8 billion, the country’s biggest overseas auto purchase. Full story…

Zhejiang Geely Holding Group, China's largest private-run car maker, agreed on Sunday to buy Ford Motor Co.'s Volvo car unit for $1.8 billion, the country's biggest overseas auto purchase. Full story...

In the hunt for vital cost savings in the small car segment, Daimler is willing to blur a line in the sand it has drawn since its 2007 Chrysler divorce. The luxury producer is ready to acquire equity in a volume carmaker again. Full story...

Geely founder Li Shufu, China's "Henry Ford," rewrote the automotive history books this weekend with the purchase of Ford Motor Co.'s Volvo car unit. Full story...

Mahindra and Mahindra is likely to freeze investments in its joint venture with Renault in a move that would see the company cede its majority stake to its French partner, the Economic Times reported. Full story...

Fiat boss Sergio Marchionne said Italy remains pivotal for the group, despite the planned closure of a large plant in Sicily and expansion abroad to fight a global crisis that has crippled the car sector. Full story...

Fiat expects to increase its holding in Chrysler to 35 percent within two years, CEO Sergio Marchionne said. Full story...

HONG KONG (Reuters) -- Geely founder Li Shufu, China's "Henry Ford," rewrote the automotive history books this weekend with his agreement to buy Ford Motor Co.'s Volvo car unit. Full story...

In the hunt for vital cost savings in the small car segment, Daimler AG is willing to blur a line in the sand it has drawn since its 2007 Chrysler divorce. The luxury producer is ready to acquire equity in a volume carmaker again. Full story...

Faurecia gained EU approval on March 24 to buy the German assets of rival Plastal in a deal that will boost its presence in Europe's auto market. Full story...

Unions have expressed concern about jobs losses at Fiat's factories in Italy that will be partly caused by the automaker's plans to build Fiat, Alfa Romeo and Lancia cars for Europe in Chrysler's North American factories Full story...

Saab is in talks with possible partners about exchanging technologies as it tries to return to profit by 2012, Spyker Cars CEO Victor Muller said last week. Full story...

Shanghai Automotive Industry Corp. plans to build and sell a right-hand-drive version of its newly unveiled Roewe 350 hatchback in England, said Chen Zhixing, executive vice president of SAIC. Full story...