Mahindra hopes for Aston Martin deal
CLASS SALE The Indian conglomerate Mahindra & Mahindra wants to buy Aston Martin, which would see it emulate Indian rival Tata, which owns the British luxury duo Jaguar and Land Rover. Kuwaiti investment group Dar is expected to make a decision on who it will sell to as early as next week. A London-based European group Investindustrial evidently bid $401m for a 40% stake in Aston Martin, but this offer was bettered by Mahindra, which recently took over South Korean vehicle maker SsangYong.
New RAV4 arrives at last
SHOWROOM The long wait for a new RAV4 is almost over, with the arrival of an all new design at this week’s Los Angeles Motor Show. Honda will also show a revised version of its Civic that was launched only 18 months ago and met with some criticism. The mid-cycle revision will feature a new instrument panel and centre console, which were evidently criticised. Another new model that will debut at the show is a sleek Kia Cerato sedan.
VW Jetta hits 300km/h on flats
HYBRID NO SLOUCH: A Volkswagen Jetta with petrol-electric hybrid power showed it is no slouch when it set a class speed record at the Bonneville Salt Flats recently. One of its two timed runs was more than 300km/h and it averaged 299,8km/h for the two. The car was powered by a 1.4l direct injection TSi engine and an electric motor.
Infiniti Red Bull Racing begins
F1 FAVOURITE Infiniti, Nissan’s luxury car brand, has extended the scope of its involvement with the championship-winning Red Bull team in Formula One racing. Infiniti became a team sponsor last year, as its Alliance partner, Renault, provides the engines to the team, but is now part of the team’s name: Infiniti Red Bull Racing. It has signed a contract until 2016.