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Hyundai moving beyond 'value' brand reputation

Hyundai's U.S. boss says the brand is changing from a "value" brand into a "valuable" brand. John Krafcik, CEO of Hyundai Motor America, said the brand is quickly shedding its roots as a purveyor of new cars for used-car prices and becoming a major player in the global industry.

Ford EcoSport Limited Edition arrives – just 120 for the UK from £16,995

Ford EcoSport Limited Edition (pictured) has been revealed The Ford EcoSport – Ford’s Fiesta based SUV/Crossover – will be arriving in Ford’s UK showrooms in 2014 and to kick things off there will be 500 EcoSport Limited Edition cars. Ford revealed the Limited Edition on their Facebook page, and just 120 of the Limited Editions are heading to the UK, and to grab a reservation for one you’ll need to head over to Ford’s EcoSport page to get a reservation before completing the deal at one of Ford’s dealers. The Limited Edition will come with Ford SYNC Applink system – which lets you control Apps with voice – leather trim, a set of 17″ alloys and, as Ford say, “Ann array of advanced technologies”.

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.