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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.
New Smart ForTwo and ForFour set for 2014 unveil
Wed, 30 Oct 2013Mercedes-Benz's struggling Smart city car division is seeking to add a new dimension to the urban driving experience with its third-generation ForTwo, currently undergoing the final phase of a three-year test and development program ahead of a planned unveiling mid next year. Set for North American launch in 2015, the ultra-compact two-seat hatchback represents a fresh chapter in operations for Smart, which has recently gained greater independence from parent company Mercedes-Benz as its boss, Annette Winkler, attempts to stem years of financial losses after almost a decade of rebuilding following its short-lived joint venture with Mitsubishi. The new ForTwo, known internally as project C453, has been developed in a joint engineering program with the upcoming second-generation ForFour and its sister car, the third-generation Renault Twingo.
JAC Vision IV concept (w/ Gallery)
Fri, 30 Apr 2010JAC revealed this four-door Vision IV concept at the Beijing Motor Show. Designed by JAC's Turin-based design team, the concept showcases both a hybrid powertrain and a new A-segment chassis that houses a lithium ion battery in the center tunnel. The styling is meant to convey both a sense of 'natural electricity' and the fluid, natural strokes of Chinese calligraphy. Read more about the concept's design in our 2010 Beijing Motor Show Highlights and see more photos and sketches in the gallery below.