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Ford agrees to sell Aston Martin

Ford 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.

SMS Supercars releases illustrations, pricing for go-fast Mustangs

SMS Supercars released illustrations this week of its new performance Mustang, which will start at $64,990 for the coupe. SMS is Steve Saleen's new venture, and it is planning two main versions based on the 2010 'Stang. A 470-hp model, the SMS 460, is the “base” car, and a convertible version is $69,990.

Range Rover (2011): first pictures, new V8

Land Rover might only have revised the Range Rover last summer, but there’s now a new version, complete with a bigger and better 4.4-litre TDV8, plus it's available as a limited-run Autobiography Black special edition to celebrate the car’s 40th birthday. For a start the engine has grown from 3.6 to 4.4-litres, but still retains the twin sequential turbochargers. That means 309bhp (up from 267bhp), while the torque figures climbs from 472lb ft to 516lb ft.