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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.

Bugatti 'will continue to produce world's fastest car'

Bugatti will continue to produce the world's fastest cars - and that's a promise by the new chief executive of Bugatti. Wolfgang Durheimer, who took over as combined boss of Bugatti and Bentley in spring 2011, told CAR that being the fastest was a cornerstone of the modern Bugatti philosophy. 'It is vital that Bugatti produces the world's fastest car,' Durheimer said.

Car April Fool Stuff: From Chips Away to BMW

Chips Away’s new APP removes dents in cars The car news on April 1st always includes a chunk of April Fools, and this year is no different with some good, some bad and some quite lame. The people that take the everyday knocks out of your car at home – Chips Away – have come up with a DentsAway App – in conjunction with ALA – that will uses a Smartphone’s electro-magnetic pulses to ionise the metal on a car dent and pull it back in to shape. Chips Away and ALA have used their April 1st announcement as the chance for a giveway, with three winners getting a pair of tickets for the Goodwood Festival of Speed this year if they share the video (below) on Facebook or Twitter.