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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.
Dealer's belief in Porsche led to $5 million store
Tue, 01 Jun 2010Car dealer Jack Daniels IV is used to seeing the grins on people's faces when they hear his name. And he's OK with it. "People have said, 'It's my favorite drink, so I thought I'd buy a car from you,' " says Daniels, who in April opened the largest Porsche dealership in America.
Lexus IS 250C launches
Sun, 10 May 2009The Lexus IS 250C launched in Japan this week - and will reach the UK in July The IS Convertible comes in two flavours – the Lexus IS250 C and the 350C – although the initial launch is just the IS 250C. The IS 350C will launch later in the year. Lexus has been working on the IS Convertible for some time, and is aiming it straight in the sites of similar offerings from both BMW and Audi.