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Italian firm buys stake in Aston Martin

The 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.

Retailers urged to cut fuel prices

FUEL RETAILERS have been urged to "immediately" ease pressure at the pumps by passing on a drop in wholesale prices to motorists. The RAC said a litre of unleaded petrol sold wholesale for 6p less since the end of August, while diesel was down by 2p a litre, giving petrol stations the power to lower prices on the forecourt. The car services company explained lower prices were due to a drop in oil prices since Syria agreed to sign an international treaty banning chemical weapons and the pound reaching a seven-month high against the dollar.

2012 Tesla Model S moves toward production

WITH VIDEO -- We have new video of Tesla’s Model S sedan, which is supposed to arrive on the market next year. We’ve seen pictures of this car but now it’s actually moving. There are clear views of the sleek, almost Aston-like appearance of this car, and it’s pretty handsome.