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Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.
Ford Ka stars in latest Bond film
Fri, 15 Aug 2008By Ben Whitworth Motor Industry 15 August 2008 11:14 Ford’s new Ka is going to be a film star. Continuing Ford’s relationship with the James Bond film series, the Ka will appear in the latest spy thriller Quantum of Solace, driven by Ukranian actress Olga Kurylenko. Kurylenko plays Camille in the Mark Foster-directed thriller.
Self-driving Tesla could hit roads within three years
Tue, 01 Apr 2014Electric car manufacturer Tesla has said that self-driving cars could be a reality within the next three years, with the firm targeting a computer-guided version of its Model S saloon. Tesla chief executive officer Elon Musk said in an interview with the Financial Times that the autonomous driving technology would act like “an autopilot” that could be switched on and off like an aeroplane’s guidance system. On Bing: see pictures of autonomous cars Find out how much a used Tesla costs on Auto Trader However, while Musk claimed that 90% of distances driven today would be able to be completed autonomously in three years’ time, he also admitted that fully self-driving vehicles may be a “bridge too far” in the near future.