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Aston Martin sells 38% stake to Italians to raise cash

Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.

CES: GM to open the dashboard to developers

At last year's Autoweek Design Forum, father of the iPod and Nest Labs co-founder Tony Fadell suggested that automakers concentrate on designing and building cars, leaving handset makers to handle infotainment. The latest announcements from Ford and GM -- in conjunction with the International CES -- suggest that automakers would rather treat the dashboard space as a handset. Yesterday, Dearborn, Mich., announced the Ford Developer Program, which opens up Sync to outside application development; now General Motors has announced a similar initiative.

Audi Space Frame comes full circle at Frankfurt motor show

Audi is celebrating the 20th anniversary of the ASF, or the Audi Space Frame. After all, it was at the 1993 Frankfurt motor show that Audi wowed the world with the innovative all-aluminum Audi A8 prototype. And now, 20 years later, more than 750,000 cars have been built using this technology.