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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.

Hungarian Grand Prix (2013) RESULT

Lewis Hamilton wins the Hungarian Grand Prix The story of Lewis Hamilton’s first season at Mercedes has been on of qualifying highs and race lows, but could Hungary be the place Hamilton turns all that promise in to a win? In a word – yes. Lewis Hamilton has won his first Grand Prix for Mercedes at the Hungaroring – a race he’s won three time before – in a brilliant drive, helped by a few lucky breaks, and despite Mercedes having problems all weekend with overheating.

Chrysler quadruples profit in first quarter

The Chrysler Group is riding high on first-quarter profits this year that totaled $473 million. That's quadruple what it made last year during the same period. Revenue rose 25 percent to $16.4 billion, while U.S.