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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.

Mitsubishi launches world's first twin-clutch SUV

By Mike Elwin First Official Pictures 31 March 2008 14:15 Mitsubishi will sell the world’s first SUV with a twin-clutch gearbox this autumn when it launches the Outlander Twin Clutch SST. Previously such systems have been the preserve of sports cars and performance-orientated hatchbacks, and definitely not off-roaders. CAR Online has tested the SST system in the new Evo X and been impressed by the speed and quality of the gearchange.

2012 Ford B-Max beats the competion on economy & emissions

The 2012 Ford B-Max has sector best economy and emissions With the 2102 Ford B-Max due to debut in production guise at Geneva in a few weeks, Ford are claiming sector best emissions and economy. Just last week we had the first photos of the production version of the 2012 Ford B-Max, heralding the arrival of Ford’s new compact MPV at Geneva 2012, ahead of its arrival in Ford showrooms in the Summer. Now Ford are keen to let us know that the B-Max isn’t just a cleverly designed and decent-looking MPV, but it’s got the competition nailed with class-leading figures for economy and emissions.