Wix 46291 Air Filter on 2040-parts.com

Maserati Levante SUV won't be imported from Detroit after all

For years, we've been hearing that the upcoming Maserati Levante SUV -- which debuted as the Maserati Kubang -- would be built at Chrysler's Jefferson North Assembly Plant in Detroit. The prospect of a high-dollar luxury crossover coming out of the gritty Motor City was intriguing, but the scheme made a certain sense -- the Levante is built on the same platform as the Jeep Grand Cherokee. Unfortunately, it's not gonna happen.

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.

Electric cars amped up with £500 million boost

THE GOVERNMENT is to extend the £5,000 grant scheme open to anyone who buys a car with plug-in electric power. It is part of a £500 million move to encourage car owners – and city authorities – to take up the electric car baton and run with it. The initiative will give cities a chance to win government funding to further the sales of electric cars in their areas, for example by allowing them to use bus lanes or park for free.