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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.
Porsche 911 Targa revealed at 2014 Detroit Motor Show
Mon, 13 Jan 2014Porsche has revealed an amazing retro-inspired new 911 Targa at the Detroit Motor Show – an open-top model that boasts a ‘wide bar’ look almost identical to the Targa style that went out of production two decades ago. First introduced back in the 1960s, Porsche’s return to the original Targa style has been combined with modern electrically-opening roof technology… and with models arriving in showrooms from this May, it’ll be an on-road retro reality before you know it.
Fisker has potential buyers in line
Wed, 22 May 2013VL Automotive and Chinese Investment Group Wanxiang are looking to buy troubled automotive manufacturer Fisker. Maker of the curvaceous Karma, Fisker has been cash-strapped for some time now due to what company insiders called an overly optimistic business plan that anticipated rapid sales growth. Tesla's success in the luxury/upscale electric vehicle industry hasn't helped Fisker's cause either.