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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.

Volvo Concept XC Coupé revealed. Previews 2015 Volvo XC90 Coupe (video)

Volvo Concept XC Coupé revealed. Previews 2015 Volvo XC90 Coupe Volvo gave us a tease for the Concept XC Coupe last month – ahead of its debut at the Detroit Auto Show next week – but now the XC Coupe gets a proper reveal. The Concept XC Coupe is clearly a very firm look at the 2015 Volvo XC90, but instead 0f previewing its as a seven-seat, five-door SUV, Volvo has chosen to deliver the Concept XC as a two-door, four-seat XC90 – think of it probably as Volvo’s X6 or an ‘Allroad’ version of the next XC90.

Peugeot 308 GT THP 200. That which we call a rose…

The UK only Peugeot 308 GT That at least is the hope for Peugeot UK. For the Peugeot 308 GT THP 200 is in fact the Peugeot 308 GTi in the rest of Europe, as we reported back in May. But as we told you at the time, Peugeot UK wouldn’t market the Euro 308 GTi as a GTi because it’s “…not a GTi as we would know it”.