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Aston Martin sells 38% stake to Italians to raise cash

Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.

Noble Fenix Supercar – First Photo

The first picture of Lee Noble's Fenix Supercar Back in November we brought you news of eponymous supercar maker Lee Noble’s return to the world of high performance cars with his new company – Fenix Automotive. Lee had left the company that bears his name, but was obviously itching to get back to the fray with a car that reflects the great Noble’s of the past – including the very successful M12. The old Noble company has headed upmarket with its latest offering – the Noble M600 – but Lee intends the new supercar from Fenix to be a more affordable proposition – around £70k.

Mercedes Concept Coupe SUV is the new Mercedes ML Coupe (MLC)

The Mercedes Coupe Concept SUV (pictured) will debut in Beijing Cars UK reported back in 2011 that a Mercedes ML Coupe (perhaps the Mercedes MLC) was in the planning to take on the BMW X6, and Mercedes confirmed as much when they revealed will build a fifth model at its US plant in Alabama. Mercedes plan to start building their fifth model in Alabama in 2015, and today’s reveal of the Mercedes Concept Coupe SUV – which will debut at the Beijing Motor Show – is the first public step on the way to a coupe version of the M-Class – and the battle to steal sales from the BMW X6. Mercedes aren’t saying much about the Concept Coupe SUV, but they do say it’s a sportily-styled coupe SUV and provide a first look at a series production car expected next year.