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Ford agrees to sell Aston Martin
Wed, 14 Mar 2007Ford 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.
Icona reveals first render of Vulcano super sportscar
Thu, 21 Mar 2013Icona will unveil a one-off super sports car dubbed Vulcano at next month's Shanghai auto show. The Vulcano was coachbuilt in Italy and was designed by the Shanghai-based Italian design house to show an evolution of its design language, first seen on the 2011 Icona Fuselage concept designed by Samuel Chuffart, Icona's design director. Icona says the design aims express the power within the hood while keeping the shapes harmonious.
Radical Cup comes to North America
Wed, 06 Feb 2013The 2013 Radical Cup USA schedule was announced on Wednesday. The brand new gentleman-racer series will host 12 events over six weekends, beginning in March at Miller Motorsports Park in Utah and is set to wrap up in September at the Monticello Motor Club in New York. The 270-hp Radical SR3 and 460-hp Radical SR8 already compete in one-make series’ in Europe, Australia and the Middle East.