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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.

McLaren MP4-12C GT3 (2011) launch pics, video

McLaren has officially launched its MP4-12C GT3 racing car, announcing the driver line-up and racing schedule for 2011 after further track-testing in Europe. Hang on, McLaren launched the MP4-12C GT3 at Silverstone, didn’t it? Readers will recall our earlier story on the MP4-12C GT3, but that was the track-test debut. Got it?

Some Chevrolet dealerships halt Volt sales due to tool costs

Some Chevrolet dealers have stopped carrying the Volt after deciding that their sales didn't justify an additional $5,100 for tools to service the plug-in hybrid. Last month, General Motors notified Chevrolet dealers of the added cost for tools, among other requirements, to keep selling and servicing the Volt. The math didn't work for Allyn Barnard, owner of Jim Barnard Chevrolet in Churchville, N.Y., near Rochester.