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General Motors reveals two-wheel PUMA electric-vehicle prototype

It’s based on the same driving principles as a skateboard. It looks like a phone booth, or perhaps a baby stroller. But despite the unconventional nature of this vehicle, General Motors says a two-seat, two-wheel ride called PUMA could be a solution to loosen congestion in crowded urban areas.

RCA 'Future Car' design competition winner announced

Michal Vlcek, a first-year student in the Vehicle Design department at London's Royal College of Arts, has been announced by the organizers of the London Motorexpo as the winner of the competition to design an innovative electric-powered car. The competition, which was open exclusively to RCA students, asked for designs for the four person electric vehicle of 2032, using "the packaging advantages of an electric motor to move way from the formulaic styling of many modern-day passenger cars". Vlcek's high-quality artwork and lateral thinking proved to be instrumental in his success.

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.