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Aston Martin Sale: Mahindra & Investindustrial front runners

It seems the battle to take a stake in Aston Martin has come down to a battle between Mahindra & Mahindra and Investindustrial. After reporting more than a year ago that Aston Martin urgently needed a new owner, or major investor, if it is to survive, it became clear earlier this month that Aston Martin was ready to acknowledge that need as the Kuwait Investment Dar starting seeking a buyer for the majority of its majority stake in AML. So far we’ve had Mahindra and Mahindra, Tata (owners of Jaguar Land Rover), Toyota and unnamed Chinese investors in the frame, but it seems the race to take a big chunk of Aston Martin Lagonda has come down to just two – Mahindra and Investindustrial.

VW E-Bugster convertible concept car at 2012 Beijing motor show

Volkswagen, one of the biggest players in China's swelling car market, chose Beijing to unveil its latest E-Bugster - a good look at the forthcoming convertible version of the Beetle. We saw the E-Bugster in tin-top form at the 2012 Detroit auto show; now they've gone and chopped the top fully for Beijing. It's a two-seater speedster version of the Beetle hatch, driven by an 85kW electric drive system; essentially, the powertrain of this car is what will underpin the 2013 Blue-e-motion electric Golf.

GM shifts gears, will keep Opel

General Motors' board of directors has decided that it will keep the Opel business and restructure it, putting an end to plans to sell the European operations to auto supplier Magna International. GM said it expects the restructuring of Opel to cost $4.42 billion (3 million euros), which it says is lower than the costs associated with outside bids for the company. GM said it will soon present its restructuring plans for Opel to the German government and other governments in Europe.