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Italian firm buys stake in Aston Martin
Fri, 07 Dec 2012The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.
Jordan sells off Formula One collection
Fri, 07 Mar 2014FORMULA ONE commentator and former team boss Eddie Jordan is selling off his collection of racing cars and memorabilia to raise money for charity. The sale includes the very first Jordan F1 car that driven by Michael Schumacher. It comes complete with the German driver’s original racing helmet that Schumacher signed and gave to Eddie Jordan as a souvenir.
Jesse James Drives Again: TV host finishing up streamliner, to run soon
Tue, 02 Jun 2009No, Jesse James is not building his own jet fighter at West Coast Choppers. It only looks like a jet fighter. What you see pictured here is actually the Dees-Milodon Engineering-Davis B Streamliner, which ran on the salt in the 1960s.