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Aston Martin and Mercedes 'to strike €300m deal'

By Georg Kacher Motor Industry 22 October 2008 21:25 CAR Online today lifts the lid on the secret deal – codenamed Romeo and Juliet – being hammered out between Aston Martin and Mercedes-Benz. We have sensational details of the alliance, including a plan for hybrid Aston Martins, the full range of proposed Lagonda models and even a possible DB10 and 4x4 from the Aston Martin Lagonda stable. Back in August 2008, we revealed how the British sports car maker was in talks with the German giant over future cooperation (read our original Aston-Merc scoop here).

Saab finds a buyer

Bankrupt automaker Saab has found a buyer. But instead of picking up where the Swedish firm left off, the buyer plans to use Saab's resources for the production of electric cars. The new owners of Saab, a Chinese-Swedish investment group with Japanese backing called National Electric Vehicle Sweden AB (NEVS), did not release details on how much it paid for Saab or how much it planned to invest in the company.

Worrying insurance fraud trends revealed

AS MANY as two million motorists could be jeopardising their insurance by listing themselves as the main driver on a car that someone else covers more mileage in. The process, known as ‘fronting’, secures a cheaper insurance quote for the real main driver, who in many cases is young or has less no-claims discount, but it is illegal and could completely invalidate the policy and leave the drivers vulnerable to prosecution. Research from Privilege car insurance has revealed not only that the two million drivers could be risking more than they imagine, but also that around one million motorists are named as the main driver on insurance policies for cars they have never even driven at all.