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Italian firm buys stake in Aston Martin
Fri, 07 Dec 2012The 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.
Seat confirms new SUV model: is Skoda next?
Wed, 26 Mar 2014By Ollie Kew and Damion Smy Motor Industry 26 March 2014 13:00 Seat has officially announced today that it is developing an all-new compact SUV model to join the Spanish outfit’s range in 2016. Seat says that the new SUV is already two years into development at the company’s Martorell technical facility in Spain. The as yet unnamed car is likely to share engines and platform with other ‘compact SUVs’ made by parent company, Volkswagen Group, such as the next-gen VW Tiguan and Audi Q3, which will use the MQB modular architecture.
New Land Rover Defender DC100 Concept at L.A. Auto Show
Thu, 17 Nov 2011New Land Rover Defender DC100 Concept at L.A. Auto Show We saw the reveal of the Land Rover Defender DC100 Concept earlier this year at the Frankfurt Motor Show, designed as a first view of a new Defender aiming for production in 2015. But Land Rover made it clear that the DC100 was a work in progress and that it didn’t necessarily define what the new Land Rover Defender will offer.