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Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.
Ford police utility vehicle set for patrol
Wed, 01 Sep 2010WITH VIDEO -- Do cops like crossovers? Ford is about to find out: It will offer a utility vehicle based on the 2011 Explorer as part of its police portfolio for forces across the nation. Officially called the Police Interceptor utility vehicle, the crossover complements the Taurus-based sedan in Ford's police lineup for late 2011.
Cadillac ConverJ unveiled at Detroit auto show 2009
Mon, 12 Jan 2009By Tim Pollard Motor Shows 12 January 2009 14:29 GM came out fighting with new product in tune with the times at the Detroit auto show 2009. The Cadillac ConverJ is an electric-powered limousine not seen until press day, harnessing the same plug-in hybrid tech as the Chevy Volt. GM product overlord and everyone’s favourite sound-bite merchant Bob Lutz said the Volt’s drivetrain had been renamed the Voltec system and it was this lithium-ion battery set-up that underpinned the ConverJ concept car.