Toyota GM Denies Bid for Aston Martin

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It’s no secret; Toyota is buddy-buddy with British luxury automaker Aston Martin. The two firms have collaborated before, perhaps most famously the iQ-based Cygnet city car, and the latest gossip indicates is the “capital T” is interested in buying Aston. Continue Reading...

Porsche Skips Taxes on 4.5 Billion Euro Transaction… Legally

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If you’re wondering how to sell the controlling stake in a major car company for 4.5 billion euros and leave the tax collector hanging without legal worry, just ask Porsche. Continue Reading...

Lotus-Parent Proton Sold to Private Conglomerate DRB-Hicom

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In a deal eclipsing $410 million, DRB-Hicom purchased a 43 percent stake in Proton, a Malaysian automaker better known for its ownership of the famous British sports car brand, Lotus. Originally, the stake belonged to Malaysia’s state-owned Khazanah Nasional Bhd. However, as Proton has not made a profit in the last two years, multiple prospective… Continue Reading...