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Italian firm buys stake in Aston Martin
Fri, 07 Dec 2012The former owner of Italian motorcycle maker Ducati has bought a 37.5-percent stake in financially strapped British car maker Aston Martin. The move means future Astons could use modern drivelines and electric architectures from Mercedes-Benz's AMG division, insiders with knowledge of the deal suggest. Private equity fund Investindustrial has signed a memorandum of understanding with current Aston Martin owner Investment Dar of Kuwait that will see it pay $240 million (150 million pounds) for the ownership stake.
Ferrari 599 Hybrid at Geneva
Thu, 24 Dec 2009The report of the Ferrari 599 Hybrid destined for Geneva We know that Ferrari are doing what every other car maker is and working on systems to cut their average CO2 emissions, save a few bob and look a bit more ‘Eco’. There is already an electric Ferrari powertrain in development and Ferrari have in effect been trialing hybrid technology with their F1 cars equipped with KERS. So it comes as no huge surprise that it’s being reported Ferrari are to bring a hybrid version of the 599 to the Geneva Motor Show next year.
Volkswagen Passat (2011): the American one
Mon, 10 Jan 2011Volkswagen has unveiled the US version of the Passat at the 2011 Detroit auto show. VW’s European customers won’t be able to buy it, but will be interested in the price: despite being longer and wider than the car offered in Europe it will start from just £13,000 before taxes for a 168bhp five-cylinder petrol. The nearest petrol Passat costs £19,529 in the UK.