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Germany plans to charge foreigners to drive on the Autobahn

Germany plans to charge foreigners to drive on the Autobahn It seems Germany is planning to charge to use the Autobahn network – just as France does – but it plans to levy the charge just on foreign visitors. The plan is part of a deal by Angela Merkel’s Social Democrat party to form a new coalition and would see all non-German drivers paying a fixed toll to use the Autobahns. But the plan is coming under fire from neighbouring countries (Germany has borders with nine other countries) and even from its own version of the AA – the ADAC – who say the revenue likely to be raised – around £220 million – will do little to address the costs.

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.

Land Rover adds warranty program on pre-owned vehicles

Land Rover has add a warranty program for certified pre-owned-vehicle buyers in North America. Beginning on Oct. 1, Land Rover Select CPO buyers get a six-year/100,000-mile warranty, 24-hour roadside assistance, a 150-point inspection and no deductible on their vehicles.