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Volkswagen wants Alfa Romeo, but Fiat doesn't want to sell

Fiat S.p.A. is refusing a new round of Volkswagen AG overtures to buy its troubled sporty Alfa Romeo brand, company sources told Automotive News Europe. VW is on an acquisition spree to help its bid to topple Toyota Motor Corp.

Tesla Model S warranty extended to 8 years for Drivetrain

Tesla Model S warranty extended to 8 years for Drivetrain The Tesla Model S – perhaps the only truly useable electric car – has taken the motoring industry by storm, and now it’s getting better still for owners as Tesla announce an extended warranty on the drivetrain of the Model S to 8 years, matching that of the battery pack. The warranty also applies retrospectively, so all Model S Teslas already in the hands of owners are covered – and the warranty can be transferred to as many new owners as needed – for a full 8 years, which is unlimited for the 85 models and 125k miles for the 60 models. It’s a strong response from Tesla after a number of long-term tests (by Consumer Reports and Edmunds in particular) produced a number on niggling problems, and standing behind their product so solidly – just as Hyundai/Kia did – may not take the niggles away but it will give comfort to prospective buyers (if not shareholders, at least in the short term).

Aston Martin DB4GT Zagato Sanction II fetches £1.23 million

Aston Martin DB4GT Zagato Sanction II - sold for £1.23 million The continuation of the Aston Martin DB4GT Zagato – the Sanction II cars – hits a new price peak of £1.23 million at Bonhams Aston Martin Sale. Last month we reported that one of just four Aston Martin DB4GT Zagato Sanction II Coupés was up for grabs at Bonhams Aston Martin Sale at Newport Pagnell and expected to make £1.2 million. It made almost exactly that – £1.23 million, a new record in auction for a Sanction II car and a record sale at Newport Pagnell.