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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.
Lamborghini Cabrera private reveal in the UK on 10th January 2014
Fri, 29 Nov 2013The new Lamborghini Cabrera (sp photo above) will be privately revealed in London in January The Lamborghini Gallardo – Lamborghini’s entry-level model – has finally finished its production run, and Lamborghini are now preparing to reveal its successor. That successor is expected to be called the Cabrera, and we’ve been expecting it to be revealed at the 2014 Geneva Motor Show. But now Lamborghini have started teasing their new supercar, it could be sooner.
Toyota Prius Recall: 30,790 cars in the UK, 1.9 million worldwide recalled
Thu, 13 Feb 2014The 3rd generation Toyota Prius (pictured) is being recalled Toyota’s hasn’t had a lot of luck with recalls in the last few years, although the latest recall for the Toyota Prius isn’t quite on the scale we’ve seen for previous recalls. It’s only eight months since the last Toyota Prius recall – which affected around 5,000 Prius models in the UK from 2009 – but this latest recall is a lot more extensive, affecting third generation Prius built from March 2009 to February 2014 and totalling 30,790 cars in the UK and 1.9 million worldwide. The issue is a problem with the hybrid system’s boost converter software, which is used when the car is under heavy load such as accelerating hard from a standstill.