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Euro NCAP: iQ, Avensis, Impreza, C3 Picasso, Lancer, 6

By Alex Michaelides Motor Industry 19 February 2009 12:40 It’s a good day for the safety of new Japanese cars as the first round of 2009-style Euro NCAP safety ratings are released. Of the six cars tested, full five-star marks were dished out to the Toyota Avensis and Toyota iQ, as well as the Mitsubishi Lancer and Mazda 6. Meanwhile, the Citroen C3 Picasso and Subaru Impreza were awarded four stars.

Arizona auctions: Plenty of bidders are willing to buy

Friday's auction results from the four major auction houses continue on a strong streak, with sales reports topping even optimistic pre-event estimates. RM Auctions completed its second and final day of sales in Phoenix, posting results totaling an estimated $30.6 million, a record-high amount for this event. The Canadian-based company also garnered the most talked about sale of the day, a 1955 Mercedes-Benz 300SL steel-bodied "Gullwing" that sold for $1.375 million.

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.