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Aston Martin sells 38% stake to Italians to raise cash

Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.

Cabbies test new British-built hybrid Black Cab

LONDON cabbies have seized the chance to test the first in a new wave of low-emissions taxis. At Metrocab's testing facility in Surrey, representatives from the Capital's taxi world met London Mayor Boris Johnson, who after driving the car threatened to turn into Top Gear's Jeremy Clarkson. The Mayor joined Licensed Taxi Drivers Association (LTDA) General Secretary Steve McNamara, and London Cab Drivers Club (LCDC) Chairman Grant Davis to put the Metrocab’s zero emissions capability to the test.

Chrysler and Nissan cancel vehicle-swapping deal

Chrysler and Nissan are canceling their 2008 deals to build vehicles for each other, the automakers announced Wednesday afternoon. Chrysler was to provide Nissan with a full-sized truck, based on the Dodge Ram, starting in 2011. It would have been a replacement for the Nissan Titan.