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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.
Land Rover Discovery gets a final facelift for 2014
Tue, 03 Sep 2013The 2014 Land Rover Discovery (pictured) gets a bit of a facelift Ahead of a reveal at the Frankfurt Motor Show next week, Land Rover have revealed a facelift for the Discovery 4 as it comes to the end of its shelf life. The usual facelift fodder applies, with the Disco getting a revised front bumper, new grill and new headlights (with new LED running lights) and some nice new alloys. Land Rover has also replaced the ‘L A N D R O V E R’ lettering on the bonnet to read ‘D I S C O V E R Y’ as the move to highlight the Discovery as a range of models to stand alongside Range Rover starts to take shape ahead of the new Freelander (which will be part of a new Discovery family of cars) and the eventual replacement for the Discovery 4.
Mercedes-Benz confirms production of the CLS wagon in 2012
Tue, 09 Nov 2010A wagon version of the Mercedes-Benz CLS sedan will go into production in 2012, the automaker said on Monday. The announcement confirms an AutoWeek report in January that the CLS wagon was more than just a concept. Go to www.autoweek.com/article/20100106/CARNEWS/100109973 to read the original report.