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Fiat 500 Abarth (2008): first official pictures

By Tim Pollard First Official Pictures 20 February 2008 10:00 Watch out Mini, the Fiat 500 – CAR’s car of the year 2007 – is getting the high-performance treatment. The Abarth version unveiled today is pitched as a new interpretation of the Sixties road racer, but can they make a bigger, heavier hatch as exciting as that?The 500 Abarth 2008-style uses the Fiat group’s 16-valve 1.4-litre Fire engine breathing with the assistance of an IHI variable-geometry turbocharger to deliver a warm 135bhp at 5500rpm. So this car won’t challenge the upper echelons of hot-hatchdom that now have to pump out closer to 200bhp to be in contention.

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.

Audi U.S. chief Johan de Nysschen leaves post

Longtime Audi veteran Johan de Nysschen, who rose to become president of the company's U.S. unit, has resigned for another job that is unknown at this point. COO Mark Del Rosso will handle daily operations until a replacement is named.