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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.

Infiniti G to get Mercedes engine

Infiniti’s volume line, the G series, will get a Mercedes-Benz engine as part the global alliance between Daimler AG and Renault-Nissan, the story AutoWeek blew wide open at the end of March. Carlos Ghosn, CEO of Renault SA and Nissan Motor Co., said the G will use a Mercedes inline four-cylinder from Daimler to improve fuel economy and cut emissions. He didn’t say when the engine would reach Infiniti production lines or indicate the extent to which it will replace Japanese-made four-cylinder and V6 engines used in the G sedan and coupe.

Kia Track’ster is a bonkers 4wd 250bhp concept

The barking mad Kia Tracks'ter The Kia Trackster Concept has been revealed as a three-door, 250bhp, 4WD track version of the Soul. The Kia Soul may not be thye first car you’d think of turning in to a hot hatch, but that hasn’t stopped the Kia Track’ster arriving as a concept at the Chicago Motor Show today. Based on the Soul, the Tracks’ter (those Kia apostrophes again) gets 4WD, loses its back seats to what Kia call an “Integrated Equipment Tray” instead, gets a 2.0 litre turbo with 250bhp mated to a six-speed ‘box and a set of 19″ alloys.