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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.

Hydrogen Fuel Cell Cars: The Japanese push

Honda Clarity Hydrogen Fuel Cell Car - already in the real world at $600 a month We make no secret of the fact that we consider Hybrid cars a stop-gap solution to reducing reliance on oil. And frankly, unless you drive like a saint you’ll probably find you get inferior performance and poorer fuel consumption out of regular hybrids than you would from a decent eco-diesel. Only when you start to put complex hybrid systems in high-end cars do you start to come up with something that does mitigate fuel use and improve performance.

2012 Saab 9-5 & 9-5 SportWagon prices and models

Saab 9-5 SportWagon arrives in the UK in the Autumn. Possibly Is it just us, or does it strike you as a bit odd that Saab are sending us information on the 2012 Saab 9-5 revisions and on the yet-to-actually-launch Saab 9-5 SportWagon, when Saab doesn’t even know if it will survive beyond tomorrow? True, it’s always best to be optimistic and plan for success not failure, but wouldn’t it have been pragmatic to wait until Uncle Tom Cobley and all have had their say on whether Saab can take the Chinese Shilling to survive.