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Canada urged to adopt European car safety standards

CANADA has been urged to adopt European standards for new vehicle safety by the president of Mercedes-Benz Canada. Tim Reuss told reporters that if EU rules, which apply to all cars built by European industrial powerhouses like Mercedes and the Volkswagen Group, were in place Canada would already have new, more efficient, safer cars. At present Mercedes cannot import the A-Class because of the expense associated with modifying it to conform to Canadian safety requirements, and Mr Reuss argues that the current approach lacks common sense.

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.

Porsche 911 designer Butzi Porsche dead at 76

Ferdinand Alexander “Butzi” Porsche died Thursday morning in Salzburg, Austria. He was 76. Since 1972, Porsche had led his own industrial design firm, Porsche Design.