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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.

Toyota prices RAV4 EV at $50,610 before tax incentives

Toyota Motor Corp. unveiled the production version of its RAV4 electric vehicle, which carries a battery pack and electric motor system developed in collaboration with Tesla Motors. The crossover will carry a sticker price of $50,610 including an $810 destination charge but before available tax incentives of $2,500 in California and $7,500 at the federal level.

Google Glass driver cleared by court

A WOMAN WHO WAS ARRESTED for driving while wearing Google's new computer-in-glasses device has been cleared of wrongdoing by a court in California. The San Diego traffic court threw out a citation against Cecilia Abadie, with commissioner John Blair ruling she was not guilty because the offence for which was ticketed requires proof that the device was in use. Mr Blair found there was no proof beyond a reasonable doubt.