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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 reveals hood of the JX crossover

The slow reveal of the Infiniti JX crossover ahead of its debuts at the Pebble Beach Concours d'Elegance in August and the Los Angeles auto show in November continued on Thursday with a photo showing the seven-seat crossover's hood and grille. Infiniti plans to put the JX on sale in early 2012. The crossover will be built at Nissan's plant in Smyrna, Tenn., and will share its platform with the Nissan Altima, Maxima and Murano.

Nissan ‘Think Outside the Parking Box’ competition

Nissan, in collaboration with designboom, has launched an international graphic design competition with a theme to design the future of urban parking. Entitled 'Think Outside the Parking Box', registration to the competition is open to professionals, students, and design enthusiasts until September 27th, 2009. Based around Nissan's Qashqai urban crossover - currently marketed as being 'urbanproof' - the brief calls for entries that challenge any element of urban parking, be it underground, exterior, interior, multi-layer or ground level.