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Mercedes-Benz considering Aston Martin buyout
Mon, 17 Mar 2014Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.
Fiat buys remaining stake in Chrysler (2014)
Fri, 03 Jan 2014By Damion Smy Motor Industry 03 January 2014 13:30 Fiat has purchased the remaining stake in Chrysler to become the sole owner of the US car firm. In a deal worth £2.2billion, the Italian company bought the remaining 41.46% of Chrysler from the VEBA Trust (Voluntary Employee Beneficiary Association) made up of current and former Chrysler employees. Fiat Chief Executive Sergio Marchionne says: ‘In the life of every major organisation and its people, there are defining moments that go down in the history books.
Bedford Autodrome to get Ariel Atoms for 2012
Thu, 15 Dec 2011Corporate track-days at the Bedford Autodrome will get lairier in 2012 - Somerset-based Ariel has announced it’ll supply ten cars for the PalmerSport track-day events next year. Stopping short of the unhinged Atom V8, the PalmerSport-spec cars get the normally aspirated 245bhp Civic Type-R engine, and some key changes to set it aside from the Joe-Public Atom. The Palmer-spec car will get a Sadev paddle-shift sequential gearbox, which swaps ratios in 60 milliseconds, whilst some choice chassis mods optimise the Atom for its full-time track-toy brief.