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Mercedes-Benz considering Aston Martin buyout

Mercedes-Benz is reportedly considering a deal to buyout sports car manufacturer Aston Martin, which would increase the firm’s current 5% stake in the British brand. Following a deal to supply AMG engines to Aston for its next generation of vehicles (hence the current 5% share), a buyout or even further investment in Aston Martin could be beneficial to both brands. On Bing: see pictures of the Aston Martin Lagonda SUV concept Find out how much a used Aston Martin costs on Auto Trader With Mercedes technical expertise and existing model range, it opens up potential new models to Aston Martin.

Saab gets more cash from China partner

Saab has received another cash boost from its new China partner Pang Da with an additional order for 630 cars, worth 15 million euros or $21.7 million at current exchange rates. The order comes on top of an order for 1,300 cars worth $43.3 million (30 million euros) received by Saab from Pang Da in May. The Chinese company will pay in advance for the order and delivery of the vehicles will start in the third quarter, Saab said.

Toyota says Prius plug-in gets 65 mpg

Toyota Priuses with plug-in hybrid technology are averaging 65 mpg in combined gasoline and electric-mode testing. "That is real-world driving," said Bill Reinert, Toyota Motor Sales U.S.A.'s national alternative-fuel vehicle manager. "I ask my guys to drive them as you drive your normal Prius." By comparison, the redesigned 2010 Prius, a parallel hybrid with nickel-metal hydride batteries, will have an estimated 50 mpg rating.