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Ford agrees to sell Aston Martin
Wed, 14 Mar 2007Ford Motor Company announced this week it has entered into a definitive agreement to sell Aston Martin, its prestigious UK sports car business. The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait. The sale is expected to close during the second quarter and the transaction values Aston Martin at GBP 479 million ($925 million). As part of the transaction, Ford will retain a GBP 40 million ($77 million) investment in Aston Martin.
Petersen Museum gets new chair
Fri, 11 Jan 2013Peter Mullin, a car guy with excellent taste and the means to do something about it, has become chairman of the board of the Petersen Automotive Museum in Los Angeles. Lucky place, the Petersen. Mullin's vice-chairs, who will help lead the museum into the 21st century, are uber car guys Bruce Meyer and David Sydorick, both longtime supporters of the institution.
Beaulieu Sets Its Sights On A World Record Attempt
Mon, 10 Feb 2014IT MIGHT be best known for its collection of weird, wonderful and historically significant cars, but the National Motor Museum at Beaulieu is now reaching out to anyone with an interest in toy cars. As part of its bid to break the current world record for the longest line of toy cars, Beaulieu is asking for donations in order to topple the current record of 9,795, set in Guatemala last December. The attempt will be held in the grounds of the attraction with a continuous line, one kilometre long, of at least 10,000 cars placed end to end, starting and finishing inside the museum.