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Four in 10 'driving damaged cars'

MORE THAN four in 10 UK motorists admit they are getting behind the wheel of vehicles that are damaged, according to shocking new research from Kwik Fit. From chipped windscreens to balding tyres, the 43% figure equates to more than 16 million cars on UK roads with potentially dangerous faults or damages. Damaged body work is the most common vehicle issue, as cited by over half (56%) of all motorists who admitted to driving damaged cars.

Aston Martin sells 38% stake to Italians to raise cash

Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.

Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.