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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.

BMW M6 Gran Coupe: Offical

After an early leak of photos, the new BMW M6 Gran Coupe – complete with 4.4 litre bi-turbo V8 and 553bhp – arrives ahead of a Detroit Auto Show debut. Just as expected, the M6 Gran Coupe comes with BMW’s 4.4 litre twin-turbo V8, delivering 553bhp to the baqck wheels and driving the M6 to 62mph in 4.2 seconds. And, if our previous experience of the 6 Series Gran Coupe is anything to go by, providing sublime handling and dynamics in the process.

First Sight: Skoda Octavia

The new Skoda Octavia was unveiled earlier this week in the Czech brand's museum at its home in Mladá Boleslav, Czech Republic. Car Design News was in attendance to check out the third generation of what the company calls ‘the heart of Skoda'. The new Octavia is the fourth model in the Volkswagen Group to be built on the new MQB (Modularer Querbaukasten) platform.