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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.
Abarth 695 Tributo Maserati: The Fiat 500 Maserati homage
Mon, 20 Feb 2012The Fiat 500 pays tribute to Maserati Fiat is launching a new special edition 500 at the Geneva Motor Show – the Abarth 695 Tributo Maserati – a convertible Abarth 500. Almost three years ago Fiat produced a limited edition Abarth 500 that paid tribute to Ferrari – the Abarth 695 Tributo Ferrari – which cam with decent oomph, a bright red Ferrari paint job and an eye-watering price tag of £30k. Now Fiat feel it’s time to pay tribute to another marque in its portfolio – and relieve punters of a further slice of hard-earned – with the Abarth 695 Tributo Maserati – this time a soft-top – arriving at the Geneva Motor Show next month.
Porsche Macan production starts in December
Mon, 22 Jul 2013The Porsche Macan (pictured) starts production in December with a bolder look It does seem that the baby Cayenne – the new, Audi Q5 based Porsche Macan – has been on its way for a while, but Porsche has now confirmed production will start in December, with first Macans hitting Porsche showrooms in early 2014. But despite the Macan having been spied many times, seemingly almost undisguised, we really don’t know what it will look like. That’s because Porsche’s man in charge of the design of the Macan - Michael Mauer – has admitted that Porsche has had to go back to the drawing board with the Macan to try and address its design in light of the huge success of the Range Rover Evoque.