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.

Nissan’s black cab: what will London’s new taxi be like to ride in?

Nissan Around 300,000 people use black cabs in London every day, and by the end of 2014, they’ll be faced with a new alternative in the form of Nissan’s NV200 London Taxi, unveiled today. See Nissan's new London taxi The Japanese manufacturer has done its best to make the NV200 echo the carbon-dateable TX4 (which owes much of its styling to the 1958 Austin FX4), but let’s be honest – the new Nissan looks like a van. No coincidence there – it is based on the NV200 commercial vehicle.

Fiat and BMW ready to announce deal

[ad#ad-1] Don’t mention the war, Basil! The Germans and Italians look like they’re getting in bed together again, but this time the axis could provide some goodies for us all, and some cost saving benefits for both BMW and Fiat. Fiat, in a strong position after posting their best ever figures for 2008, is on a bit of a rampage at the moment, looking to take advantage of the problems in the car industry that could end up pushing them up the car makers league table, even to the heights of the #1 car maker in the world, Toyota.