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Ford agrees to sell Aston Martin
Wed, 14 Mar 2007Ford 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.
Used '80s dream cars, an AW list
Fri, 12 Mar 2010Ah, the '80s--the time of big hair, MTV and underpowered cars. The decade wasn't a total loss, though. You could find a few diamonds in the rough.
Volkswagen puts a price on the VW Polo BlueGT
Fri, 19 Oct 2012The Volkswagen Polo Blue GT – a warmed over Polo – will cost from £17,400 for the 1.4-litre 138bhp 6 spd manual. The Polo Blue GT gets the 1.4 TFSI engine with 138bhp so the little Polo can row along well enough, but it also get cylinder deactivation for when you’re not blatting from traffic light to traffic light to endow the Blue GT with official average economy of 60.1mpg (or 62.7mpg if you opt for the DSG ‘box). When you’re not worried about being parsimonious with your fuel the Polo GT skips along to 62mph in 7.9 seconds and handles well enough thanks to the Polo’s already decent setup and a 15mm lower suspension.