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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.

Lotus chief exec Dany Bahar suspended: what's next?

Group Lotus chief Dany Bahar has been suspended while complaints about his conduct are carried out by parent company DRB Hicom. Weekend newspapers reported that the dispute was over expenses for building work carried out on one of Bahar's homes. Bahar was suspended on Friday and the new owners stressed that Lotus Cars continued to run in his absence.

VIDEO: Classic-car driver training encourages teens to pilot vintage iron

Thirty lucky kids learned to drive classic cars at the Automotive Hall of Fame in Dearborn, Mich., on Friday in celebration of Collector Car Appreciation Day. Hagerty Insurance partnered with local classic-car owners for the inaugural event, which aimed to foster an interest in vintage cars among young drivers and to introduce them to manual transmissions. Hagerty said today's teens rarely have access to manuals, since about 90 percent of new cars have automatic transmissions.