Matchless G3 Fuel Tank Pipes Nos on 2040-parts.com

Italian firm buys stake in Aston Martin

The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.

Obama vows to help rebuild industry to compete, win

President Barack Obama on Tuesday vowed to hold U.S. automakers accountable for "bad practices" but promised to help create a "retooled, re-imagined auto industry." In remarks to a joint session of Congress, Obama gave a sobering assessment of the nation's ills--mainly economic--but said: "We will rebuild, we will recover, and the United States of America will emerge stronger than before." About midway through the speech, the president said: "As for our auto industry, everyone recognizes that years of bad decision-making and a global recession have pushed our automakers to the brink. We should not, and will not, protect them from their own bad practices.

Geneva motor show 2012: the CAR Live Blog & breaking news

Welcome to CAR Magazine's coverage of the 2012 Geneva motor show. Our motor show team is at the Salon International de L'Auto in Palexpo, Geneva, and will be reporting live from the auto show to bring you all the new car news, analysis, photo galleries, comment and gossip from Switzerland. Follow the CAR Live Blog here, and we'll update it throughout the next 24 hours.