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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.

Volvo Concept You – the future Volvo

Volvo Concept You - Volvo's future direction We have to confess that we weren’t huge fans of the Volvo Concept Universe at Shanghai this year, but the Frankfurt offering – the Volvo Concept You – is more convincing. The Concept Universe at Shanghai was just a bit too much ‘East meets West’ in design, with the feeling that it was just not quite the right direction for a new, more upmarket Volvo to follow. But the Concept You is more convincing.

New Mitsubishi Outlander (2010) surfaces

The 2010 Mitsubishi Outlander has been launched in Australia And now the revised Outlander – a slightly toned-down version of the GT Concept – has surfaced in Australia as the 2010 Outlander. Featuring the aforementioned Evo nose and a more Evo-like interior, the style is a move towards a family theme across the range by Mitubishi. The 2010 Outlander will feature Mitsubishi’s Super-All Wheel Control (S-AWC) – at least on the V6 versions – which improves handling and traction.