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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.

Dacia Duster (finally) gets a bit of a facelift for 2015 in the UK

The Dacia Duster finally gets updated in the UK A whole year ago, at the Frankfurt Motor Show in 2013, the Dacia Duster Facelift was revealed. But that facelifted Duster was just for the European LHD market; the UK soldiered on with the old model. But now, a year on, the UK is finally getting a facelifted Duster which, more or less, seems to follow the lead of the European makeover.

Durheimer succeeds Paefgen at Bentley, Bugatti

Porsche R&D chief Wolfgang Durheimer has been named the new head of Bentley and Bugatti to replace Franz-Josef Paefgen, who is retiring. Durheimer, 52, also becomes head of motorsports for the Volkswagen Group, beginning in February. Paefgen, 64, has lead Bentley since 2002 and Bugatti since 2007.