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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.

Fisker Karma hybrids burn during superstorm Sandy

Fisker Automotive Inc. is looking into a report that 16 of its Karma plug-in hybrids caught fire at a New Jersey port after being submerged in seawater during Hurricane Sandy. "There were no injuries, and none of the cars were being charged at the time," the company said in a statement.

Jaguar Land Rover Heritage Parade in London for Queen’s Coronation Festival

Jaguar Land Rover drive their Royal Heritage cars down the Mall to celebrate the Coronation Festival Remarkably, considering 2012 was the 60th anniversary of the Queen coming to the throne and the celebratory events we had, we’ve heard very little about the 60th anniversary of the coronation. In fact, we’ve already passed the diamond anniversary of the Queen’s coronation (on 2nd June) without any huge fanfare but, for some reason, we have a ‘Coronation Festival’ from 11-17th July to celebrate the ‘Best of British’. But it seems Jaguar Land Rover couldn’t wait for the event to start properly, so they’ve jumped the gun and gone parading a selection of Jaguars and Land Rovers with Royal connections  round London this weekend.