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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.

Saab 'to enter the WRC in 2012' with new 9-1

Saab is rumoured to be returning to rallying after a long hiatus. The new owners of Saab have reportedly been in negotiations with the organising body behind the World Rally Championship and hope to sign a deal to compete with their upcoming 9-1 small car.After the mass departure of many of the main players a few years ago, the WRC looked down and out. However, the 2012 season is shaping up to be a return to form.

Dodge Durango Special Service police vehicle released, orders now open

Dodge has added another vehicle to the list of cars drivers should keep an eye out for if they're speeding, the Dodge Durango Special Service. Available for police, fire and “general fleet” customers, the Chrysler Group said it would begin taking orders now, with delivery expected in the second quarter of this year. “We're incredibly excited to add the Dodge Durango Special Service to our lineup of law-enforcement vehicles,” Peter Grady, Chrysler Group vice president of network development and fleet operations, said in a release.