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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.

Mercedes S63 gets new 5.5 litre V8

The Mercedes S63 AMG is the firts to get the new AMG 5.5 litre V8 Bi-Turbo Mercedes’ top end AMG engine has changed over the last few years. It’s gone from a 5.5 litre supercharged lump to the now ubiquitous 6.2 litre normally aspirated engine, which anomalously gets badged ’63′ throughout the cars that sit at the top of each of Mercedes big-engined ranges. But now we go back to the future with the return of a 5.5 litre V8 – admittedly a completely new engine (M571) – which this time round sports a pair of turbochargers and delivers 554 hp and 590lbs/ft of torque.

2012 Lexus GS priced from £32,995

The Lexus GS range arrives in the UK from £32,995 Prices and model detail for the 2012 Lexus GS have been revealed by Lexus UK. Starts at £32,995 for the GS 250 SE. We got the debut of the 2012 Lexus GS at Pebble Beach last Summer, and now Lexus are ready to roll the new GS out in the UK we’ve got model and price detail for the much improved GS range.