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Investindustrial take 37.5 per cent stake in Aston Martin

InvestIndustrial – former owners of Ducati – have taken a 37.5 per cent stake in Aston Martin for £150 million. We’ve been proclaiming for more than a year that Aston Martin needs new investment, and AML finally confirmed as much a few weeks ago. And just yesterday we revealed a deal for Aston Martin was now a one horse race.

Car clocking fraud on rise again

There could be as many as 486,000 vehicles with a false mileage on the road in the UK, according to vehicle history experts, HPI. The act of “clocking” a vehicle has been around for a number of years and is something that was made easier with the arrival of digital odometers. In the past, the mis-aligned digits and exposed screw heads meant that a clocked car was relatively easy to spot.

U.S. unveils blueprint to tackle driver distraction

Transportation Secretary Ray LaHood said Thursday the agency isn't looking at new regulations to address distracted driving, but rather is calling on automakers to step up voluntary efforts to combat risks with new technologies and education. LaHood, who's made distracted driving a top automotive safety priority of the Obama administration, said he's met with the CEOs of numerous automakers and feels confident "they're committed to safety." He even praised Subaru of America for a TV ad that highlighted the dangers of driver distraction. The commercial featured a father talking to his teenage daughter about the risks of using a cell phone while on the road.