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Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston 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.
Fall in drug-driving admissions
Fri, 07 Feb 2014THE NUMBER of motorists admitting to drug-driving is falling, according to Government figures. Just 0.5% of motorists said they had driven under the influence of drugs during the 2012/13 financial year compared with 1% who owned up to this offence during 2011/12. Based on a survey by the Office for National Statistics, the figures also showed that 6.4% of motorists had admitted drink-driving at least once in 2012/13 compared with 7.4% in 2011/12.
John Hennessey unwinds modified Chevy SS
Tue, 31 Dec 2013Perhaps it's not as impressive as John Hennessey's recent 200mph blast down Houston's new Grand Parkway in a warmed-up Stingray, but we figured we'd show you his latest run down the same road in a Chevrolet SS equipped with his company's HPE600 Supercharged package. Thanks to GM's engineers, the four-door hits its top speed of 163 in 5th, rather than 6th, but what impressed us the most was watching the numbers climb on the VBOX — the car pulls John-Bonham-hard all the way up to its top speed. Hennessey hasn't released details of the mods performed on the SS yet, but we're anxious to see what this anodyne-looking monster will do on the top end once the gearing nag's sent off to the glue factory.