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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.
A look at Cadillac future products
Fri, 27 Jul 2012General Motors has green-lighted the development of a large flagship sedan for Cadillac, sources say, part of its plan to position its luxury brand's lineup to take on the German luxury stalwarts in every key sedan segment. The flagship sedan is to be built on a new rear-wheel-drive platform and arrive by 2015. The long-rumored rwd flagship would challenge the BMW 7-series and Mercedes-Benz S-class and is a key to GM's ambitions to expand Cadillac in China.
Goodwood Revival To Honour Iconic Maserati 250F
Thu, 31 Jul 2014SEPTEMBER will see the organisers of the popular Goodwood Revival mark 60 years of one of Formula 1’s most iconic machines, the Maserati 250F. One of the highlights of the historic race meeting will be one of the largest ever on-track collections of the car at the September 12-14 event. As many as 16 examples of the 250F are expected to take part in the Richmond Trophy, which this year will feature 2.5-litre, front-engined grand prix cars of a kind that raced from 1954 to 1960.
