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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.

British drivers shun autonomous cars in new survey

Google autonomous car: most British adults remain sceptical By Tim Pollard Motor Industry 28 July 2014 14:14 A quarter of British adults fear autonomous cars will be unsafe - and 56% would never buy a driverless car, it was claimed today. The survey by Churchill Car Insurance reveals that entrenched attitudes in Great Britain put the new generation of autonomous cars at a disadvantage before they’ve even turned a wheel on British roads. Google is leading the charge towards autonomous driving, but most major car manufacturers are also dabbling in driverless cars.

Ferrari 458 Italia Grand Am hits Fiorano

Ferrari 458 Italia Grand Am It takes a bit of a leap of imagination to think of Ferrari competing in a more basic form of Motor Sport. But it is. No, Maranello hasn’t decided to go stock car racing, but it has decided it needs to enter the Ferrari 458 Italia in to the North American Grand Am Series.