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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.
Deloitte interviews 677 'millenials,' concludes they're broke
Mon, 20 Jan 2014Until artisanal, sustainable, locally sourced craft-beer bars can upend themselves from their Brooklyn brownstones and directly to your Park Slope loft entrance, it turns out that today's youthful generation will still need to buy cars to get places. In fact, they might even be picky about what they spend time in, which means that young people, even "millennials," are doing research on cars and forming their own opinions as smart consumers. Hey, doesn't that sound familiar?
Kia to unveil Cub concept at Seoul motor show
Mon, 25 Mar 2013Kia will unveil its new Cub compact four-door coupé crossover concept at this week's Seoul motor show. Designed by Kia's Namyang Design Center in Hwaseong, South Korea, the concept measures in at less than four meters long and is the latest in a series of explorations into Kia's B- and C-segment future models, following last year's Trackster concept and the Provo concept shown at the Geneva show earlier this month. From the single released image, the Cub features another possible direction for Kia's now-familar tiger-nose DRG with a slim, horizontal air intake running underneath two-point LED headlamps.