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Top Gear Breaks Loop-the-Loop World Record In South Africa

The Top Gear Stunt team has achieved the first ever double loop-the-loop in a car in front of an audience in South Africa. Last week we reported that Top Gear were planning to attempt the first ever double loop-the-loop at the Top Gear Festival in Durban. And by jove, they did it.

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.

Caterham Seven 165 prototype stars at the 2013 Frankfurt Motor Show

2013 marks 40 years of Caterham Cars since what was originally a Lotus dealership took over production of the Series 4 Lotus Seven in 1973. Now, at Frankfurt 2013, the British manufacturer is debuting its newest model – the Seven 165 prototype – set to become the entry-level version and the lightest, most efficient Caterham ever when it goes on sale in the UK in 2014. We like the fact that you will be able to buy a Caterham for less than £17,000 and still be able to embarrass much more expensive machinery when the going gets twisty.