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Ford agrees to sell Aston Martin

Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.

Vauxhall Mokka, Astra VXR, Insignia BiTurbo & RAD-e concept at Geneva 2012

Vauxhall's line-up for the 2012 Geneva Motor Show Vauxhall will be debuting the new Vauxhall Mokka compact MPV, the Astra GTC-based Astra VXR, Rad-e concept and Insignia BiTurbo at Geneva 2012. It’s interesting to get the heads-up on new models ahead of their actual public debut, but that can take away the impact for new cars. Which is just what Vauxhall’s stand at Geneva will suffer.

2011 / 2012 Mercedes CLS: Official

The Mercedes CLS 2011 / 2012 is Official Last week saw the first dribble of what will undoubtedly become a flood of leaks in the run up to the Paris Motor Show at the start of October, with the leaking of official photos of the 2011 Mercedes CLS. When we reported the leak we did say we expected Mercedes to extract a digit and dish out the official gen sooner rather than later. So this bright Sunday morning (Sunday, eh?