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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.

Nissan to launch plug-in hybrid & develop fuel cells with Mercedes

Nissan Renault & Mercedes working on 'Green' technology We have been a bit scathing about electric cars, and Nissan’s over-priced LEAF being proclaimed as a viable alternative to the ICE car. But we certainly understand the imperative for car makers to build cars which produce less CO2 (a highly dubious requirement) and use far less fuel (a very solid requirement). Sensibly, Nissan Renault, under Carlos Ghosn, aren’t putting all their eggs in one basket in the quest to make their cars cleaner, greener and more economical.

Upcoming Mercedes-Benz MLC-class spied testing

Just a few weeks after the debut of the Mercedes-Benz MLC in concept form, prototypes have been spotted testing in Colorado earlier this month. The MLC is meant to offer packaging similar to the BMW X6, combining the SUV shape of the ML with a more coupe-like exterior design. The MLC will make its public debut at the Moscow International Motor Show in August of this year, a location that is perhaps indicative of the target audience for this upcoming crossover.