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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.

Vauxhall – Ellesmere Port jobs safe

Vauxhall's Ellesmere Port Plant will have no job losses It looks like the bulk of the savings that GM need to make in Vauxhall/Opel are going to fall outside the UK, with the news that there will be no job cuts at the Astra-making Ellesmere Port plant and around 340 job losses at Luton. Which is about as good as the news was ever likely to be for Vauxhall workers in the UK. Whatever the outcome of the GM/Magna deal it always seemed likely that Ellesmere Port would be relatively unscathed.

Australian Grand Prix Qualifying: Hamilton takes pole for Mercedes

Lewis Hamilton taking pole position for the 2014 Australian Grand Prix It’s all change for 2014 in the world of F1, with new turbo V6 engines making funny noises and new nose cones looking as odd as the engines sound. But one thing hasn’t changed – it’s Mercedes and Red Bull fighting for the front. Lewis Hamilton took a stunning pole in tricky, wet conditions on the last lap of final qualifying to edge out the Red Bull in to second spot.