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Italian firm buys stake in Aston Martin

The 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.

Volkswagen preps the Golf EV for 2013 launch

Volkswagen AG has begun delivery of a second test fleet of Golf blue-e-motion EVs to customers in Germany, the automaker said in a statement. Of the 80 cars being tested in the fleet, 53 will be delivered in Berlin, with the rest going to Hannover and Wolfsburg. The vehicles will be distributed to businesses, public bodies and private motorists, although the majority of cars in Berlin will be tested by corporate customers, as VW views this group as the largest market for EVs in the future.

2014 Hyundai Elantra, Tucson FCEV and a new Nu engine at the LA Auto Show

Hyundai made a boatload of news at the Los Angeles Auto Show on Wednesday. The Korean company unveiled the redesigned 2014 Elantra coupe, sedan and GT, the Veloster R-Spec hatchback and some interesting info on its upcoming fuel-cell program. The biggest news is Hyundai's revamped 2.0-liter Nu engine that now makes 173 hp, instead of 145 hp, and 154 lb-ft of torque, as opposed to the 130 of the old engine.