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Fioravanti expands into China in partnership with Eastone

Renowned Italian design house Fioravanti has formed a partnership with Shanghai-based design and engineering consultancy Eastone. The aim of this powerful duo is to deliver a wide range of design and build services directly to Chinese OEMs, with the first fruit of their labors being a concept car for Chinese manufacturer BAIC, to be unveiled at the Beijing auto show. For the first time in their own country, Chinese OEMs can now benefit from the time-served capabilities, knowledge and car culture typical of a leading Italian design house, while simultaneously gaining from the local knowledge, strong relationships and powerful commercial strength of a domestic design company.

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.

One Lap of the Web: A podcast anniversary and a Facellia

-- Ford's F-350 can tow 35,000 pounds, which is pretty nifty. But it's lacking one crucial element in race-car transporting: it really could use Plymouth logos and a red, white and blue paint job with the word "REBEL" emblazoned on the side in the same lettering that announced Roosevelt's presidency. Hence, this 1965 Dodge C500 ramp truck built to look like something you could find in the paddock of Fontana Drag City circa 1965 with an altered-wheelbase Belvedere Funny Car on the back and a case of Tecate where the Mac tools go.