Ford agrees to sell Aston Martin

Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.

Porsche 911 Turbo Cabriolet (2007): first official pictures

By Ben Whitworth First Official Pictures 07 May 2007 02:06 Something brisk for the summer, then? Brisk indeed. Porsche’s new £106,180 Turbo Cabriolet arrives here in early September and is powered by the same twin turbo unit that’s found in the coupe.

Chrysler 300

The Detroit Motor Show will see Chrysler unveil its 2011 300. Whilst benefiting from an extensive exterior refresh, the platform on which it is based remains unchanged, meaning that this 2011 model is little more than a face-lifted variant of the car that joined us in 2004. The exterior of the 300 loses some of its forbearer's sinister styling; its imposing face has been substituted in favor of a softer, more rounded style, intersected only by the muscular wheel arches.