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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.

2011 Ford Mondeo debuts +video

T%he Ford Mondeo 2011 - launched at Moscow Ford has revealed the 2011 Ford Mondeo this morning at the Moscow Motor Show, and although we’ve already told you much of what’s on offer it seems worthwhile recapping, plus we have some new photos and video of the 2011 Mondeo. As we said back in June when we had the first details of the 2011 Mondeo, Ford has given it a few cosmetic tweaks to freshen it up and had a serious play with the oily bits. On the cosmetic front the new Mondeo gets ‘Kinetic-icized’ to keep its DNA in line with the rest of the Ford range.

Porsche BlueSport back on – but we knew that

It looks like the baby Boxster - the Porsche BlueSport - is in the planning. Last year it was a case of ‘Spot the BlueSport’ as rumours ran wild over which parts of the VW Group (what happened to re-naming it Auto Union – another of last year’s rumours?) would run with the ‘Baby Roadster’ platform VW had developed. Well it finally looks as if the rumours are starting to become substance.