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VW to cover maintenance costs for sludge-damaged engines

Volkswagen AG has agreed to pay maintenance costs under a proposed settlement in a class-action lawsuit over sludge-damaged engines in 479,768 VW and Audi models. Judge Joseph Tauro of the U.S. District Court in Boston gave conditional approval of the settlement last week.

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.

Old Police Car Proves A Steal For Celebrity Broadcaster

AN ECLECTIC mix of a record 155 classic motorcars spanning 50 marques and 91 years greeted the biggest ever attendance at Historics at Brooklands late summer sale on Saturday, August 30th. Prospective buyers were treated to a seven-hour auction of Historics’ largest consignments to date, culminating in a £2.65 million sale as the hammer fell for the final time on the day, with 66% of consignments finding new owners. Whilst no longer a custodian of the law, one of the very last 50-year old Daimler SP250 ‘Dart’ police cars, whose original home was Scotland Yard, delighted enthusiast and presenter Chris Evans, who purchased the concours-condition, award-winning example for £50,400, complete with its law-enforcing accoutrements, adding; “the kids love it; the big kids love it even more”.