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Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston 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.
Mercedes C63 AMG Coupe (2012): Official
Sun, 20 Mar 2011Mercedes C63 AMG Coupe - it's official You probably don’t have to be an out and out petrolhead to know that Mercedes had an AMG version of the recently revealed C-Class Coupe up its sleeve. We’ve been expecting a reveal any time soon but, just to keep us awake on a Sunday, Mercedes has released the first photos and details this morning ahead of the official reveal at the New York Motor Show. So welcome to the Mercedes C63 AMG Coupe.
Fiat might increase Chrysler stake to 51 percent before IPO, sees no merger
Tue, 04 Jan 2011Fiat SpA, the Italian carmaker that owns 20 percent of Chrysler Group LLC, may boost the holding to more than 50 percent before an initial public offering by the U.S. automaker, the companies' chief executive officer said. “I think it is possible.