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Rolls-Royce puts dragons on Phantoms for the Chinese New Year

Rolls-Royce is commemorating the 2012 Chinese New Year with a Year of the Dragon Collection of limited-edition Phantoms boasting dragon-themed detailing. The Bespoke design team at Rolls-Royce drew inspiration from the dragon of the Chinese zodiac--symbolizing power, prosperity and good fortune--for which this year will be named. A collection of Phantoms will be detailed as follows.

Tesla Model X SUV will ONLY be available with four wheel drive

The Tesla Model X (pictured) will only be available with 4WD The Tesla Model X does promise to be a very appealing SUV, even if its main USP for business users – zero BIK – will have been scrapped by the time it arrives in the UK. When it does arrive, prices are expected to be similar to the Model S Saloon and, just as with the Model S, Tesla are planning a variety of battery capacity options and, we thought, an entry-level rear wheel drive model. But Green Car Reports, in response to a reader enquiry, has got confirmation from Tesla that they have now decided that all Model Xs will come only with the 4WD powertrain fitted.

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.