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Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.

Win a signed sketch of the Renault Dezir concept

The new October 2010 issue of CAR Magazine features a beautiful shoot of Renault’s new Dezir, a rear-wheel drive electric supercar concept that will be unveiled at the 2010 Paris motor show. And CAR’s editor Phil McNamara has been to Paris early, for an audience with Renault’s design director Laurens van den Acker, and to see the stunning Dezir in the metal. It’s the first of six concept cars from Renault, before we see the new van den Acker-led design language appear on the Clio 4 in 18 months time.

BMW unveils its 2012 Olympic Games pavilion

BMW has unveiled its new pavilion for the 2012 Olympic Games in London. The winning design came from British architects Serie after bids from six companies. As the sole automotive sponsor, BMW is allowed to build a pavilion at the Olympic Park during the London 2012 Olympic & Paralympic Games and it expects to draw 8000 visitors a day.