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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.

UK motorway to charge moving electric cars

The Highways Agency is set to test wireless charging in moving electric cars on a UK motorway, according to Engineering and Technology Magazine. This would see electric vehicles gain additional charge as they passed over wireless charging nodes embedded in the motorway’s road surface. On Bing: see pictures of wireless electric car charging Find out how much a used electric car costs on Auto Trader The concept, already used by some mobile phones and currently being trialled for static charging of electric cars, uses electromagnetic fields to pass current to batteries without the use of cables or wires.

Ferrari F70 spotted testing in Europe

A Ferrari F70 mule was spotted testing in Europe recently, and it's now sporting a Daimler SP250 or '58 Packard look at the front end. Unlike the Daimler and the Packard, this catfish is long, wide and low. We're still expecting the F70 to be powered by a V12 with a KERS-like hybrid system.