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Car Deisgn Awards China 2014 winners announced

The winners of this year's Car Design Awards China have been announced during a dazzling ceremony held at the Global Vehicle Architecture (GVA) design studio in Beijing. The Awards, hosted by Chris Bangle, were presented to an audience of around 350 global design professionals. The work of all finalists' projects was on display, giving a superb opportunity for these up-and-coming young designers to discuss their work and future careers with prospective employers.

Spy photos: BMW i8 hits Swedish test track

Spy photographers caught the new BMW i8 testing on a secret track wearing the company’s familiar psychedelic camouflage. The test car pictured is a preproduction model rather than a concept BMW i8, similar to what should appear in 2013. As reported earlier, we’re expecting BMW’s 2014 i8 hybrid coupe to get a 1.5-liter, three-cylinder direct-injection gasoline engine--essentially the same unit earmarked to head into the next-generation Mini and the front-wheel-drive BMW 1-series due out in 2014.

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.