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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.

Concept Car of the Week: Chrysler Lamborghini Portofino (1987)

In 1987, Chrysler purchased the bankrupt Italian carmaker Lamborghini to add an exotic brand to its portfolio. In celebration of its acquisition, Chrysler announced it would unveil a futuristic concept car at the Frankfurt motor show bearing a unique logo with the Italian raging bull framed inside Chrysler's famous Pentastar. It was during an internal aerodynamic study that designer Kevin Verduyn drew the lines of a four-seater sedan concept called the Navajo.

Nissan Micra facelift (2013) first official pictures

Nissan’s tried to inject some of the styling fizz of the Juke into the Micra supermini, with a package of visual tweaks for 2013. The cabin’s had a nip and tuck too, and Nissan has confirmed prices won’t rise sharply versus the current £9800-14,000 range. What’s new for the latest Nissan Micra?