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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.

Hyundai Curb concept car (2011) at Detroit auto show

It wasn't just about the Veloster hogging the limelight on Hyundai's stand at the 2011 Detroit auto show. The Curb concept car is a glimpse of a future rival to the Nissan Juke, and the Koreans even admitted it was a hint 'for the next generation of Hyundai buyers.' The new Curb is defiantly a concept car, but it also showcases Hyundai's Blue Link connectivity technology. Hyundai's Curb is the twelfth concept car to be designed at the company's Californian Design Center.

Peugeot HX1 to go in to production as Peugeot 608?

Peugeot HX1 to go in to production as the 608? Big Peugeots have never really sold anywhere but France. So it seemed sensible when Peugeot revealed that the 407 and 607 would be replaced by the 508.