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Italian firm buys stake in Aston Martin

The 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 Peugeot 308 production increased to meet demand

Peugeot are increasing production of the new 308 to meet demand The new Peugeot 308 arrived in the UK in January – although it’s been on sale in Europe since last year – and it’s a decent effort from Peugeot. In fact, even though we didn’t think it was the best choice, the new 308 took the European Car of the Year Award at the Geneva Motor Show last week, a decision that’s probably been credibility by the apparent popularity of the new 308. Since the 308 went on sale late last year, Peugeot has managed to shift more than 60,000, so with the new 308 SW (Estate) about to go on sale Peugeot is ramping up production to meet current and expected demand by adding a third shift at its Sochaux Plant, creating 600 new jobs in the process.

Speakers confirmed for Interior Motives China Conference 2009

Seven new speakers have been confirmed for the 2009 Interior Motives from Car Design News conference in Shanghai, which will run from 21st - 23rd April. Brought to you by the team behind Car Design News and its quarterly interior design publication, Interior Motives, the conference will take place immediately after the two Shanghai Auto Show press days, and bring together the biggest names in Chinese, Asian and Western car design for a two-day program of interactive debate. Chaired by Director of the China Automotive Design Institute and former Nanjing Auto design director, Li-Chih Fu, this two-day summit will see some of the biggest names in the business gather in Shanghai to discuss the issues facing Western and Chinese carmakers searching for success in China.