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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.
Interior Motives Design Awards 2009
Wed, 16 Sep 2009Tonight, amidst the turmoil of a recession-struck auto industry, innovation and optimism shone through the work of a talented young group of international student designers at the seventh annual Interior Motives Design Awards. And none more so than that of the overall winner and newly crowned Interior Motives Student Designer of the Year 2009: Philip Woodman from Coventry University. Launched in February 2009 and themed ‘Sustainable and Clever', this year's competition fielded a record number of entries from 32 different countries and culminated this evening in a glamorous awards ceremony at Frankfurt's renowned Cocoon club in Germany.
Ghosts of Browns Lane: a reader visits Jag's museum
Mon, 03 Oct 2011CAR reader Eoin Doyle takes a trip down memory lane when he visits Brown Lane. And he unearths a worrying threat to Jaguar's inhouse museum... You can tell a good deal about the commercial state of a car company by visiting its museum.