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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.

BMW axes B-class rival

By Georg Kacher Motor Industry 07 August 2006 09:26 BMW has put on ice plans for a mini-MPV based on the 3-series, to rival the Mercedes B-class. Instead, it will focus on a bigger, Mercedes R-class challenger, due in 2009. 'Originally, we looked at two different space-functional concepts: one was based on the 3-series, the other one on the 5-series,' said a source.

VW Up! Lite Concept revealed in LA

The Volkswagen Up! Lite has been revealed at the LA Motor Show Volkswagen had promised a surprise at the LA Motor Show, and this is it, the VW Up! Lite Concept, another car in the quest by VW to produce the most efficient cars on the market.