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Aston Martin Sale: Mahindra & Investindustrial front runners
Sun, 25 Nov 2012It seems the battle to take a stake in Aston Martin has come down to a battle between Mahindra & Mahindra and Investindustrial. After reporting more than a year ago that Aston Martin urgently needed a new owner, or major investor, if it is to survive, it became clear earlier this month that Aston Martin was ready to acknowledge that need as the Kuwait Investment Dar starting seeking a buyer for the majority of its majority stake in AML. So far we’ve had Mahindra and Mahindra, Tata (owners of Jaguar Land Rover), Toyota and unnamed Chinese investors in the frame, but it seems the race to take a big chunk of Aston Martin Lagonda has come down to just two – Mahindra and Investindustrial.
Pierre Authier: I'm not moving to Opel/Vauxhall
Fri, 31 Aug 2012As the ongoing General Motors designer saga continues, the latest Opel/Vauxhall Vice President of Design elect, Pierre Authier has taken his name off the shortlist for the Rüsselsheim. Car Design News had received information from a reliable source within PSA about Authier's supposed move, however we have since spoken to Pierre, who was keen to put the record straight: “I read the flattering article on my recruitment as VP of Design for Opel/Vuaxhall, but this information is false,” he told CDN. “I am really enjoying my position at Peugeot and with the 208 family team that has made such incredible work.” The search for the missing piece in the GM puzzle continues.
Study links low-speed collision-avoidance system to fewer accidents
Tue, 19 Jul 2011A study of the Volvo XC60's low accident rate offers evidence that collision avoidance systems can improve vehicle safety. The XC60, which has a low-speed collision avoidance system dubbed City Safety, was involved in 27 percent fewer property damage accidents than other mid-sized luxury SUVs, according to a report released Tuesday by the Highway Loss Data Institute. The XC60 also was involved in 51 percent fewer bodily injury accidents.