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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.

Chrysler's main creditors reach deal with U.S.; others hold out

The U.S. Treasury Department has reached a tentative debt-reduction agreement with Chrysler's main creditors but still must get other lenders to sign on for the deal to take effect, three people with knowledge of the talks said today. The accord with JPMorgan Chase, Citigroup, Goldman Sachs and Morgan Stanley would reduce Chrysler's $6.9 billion debt to $2 billion, which would be repaid by Chrysler in cash, they said.

BMW X1 sDrive20d EfficientDynamics Edition revealed

BMW X1 sDrive20d EfficientDynamics - the 'Blue' X1 arrives The BMW X1 is, according to BMW, “…still the only premium vehicle in its segment” and they’re keen to make sure that their baby SUV keeps its nose ahead of the pack. Which explains the plans to launch an X1 badged-up with the EfficientDynamics moniker in the Autumn – the BMW X1 sDrive20d EfficientDynamics Edition. BMW anoraks know that BMW’s EfficientDynamics gubbins – stuff like stop-start and low rolling resistance tyres – have sneaked in across the BMW range over the last few years, improving economy and lowering emissions in the process.