Aston Martin's controlling shareholder, Investment Dar, has approached potential buyers for the maker of luxury sports cars. Mahindra is among potential suitors and Toyota hired an auditor to conduct a study on buying a stake in Aston, sources said.
Peugeot has launched the 301, a stripped-down sedan aimed at boosting sales in emerging markets. The vehicle has gone on sale in Turkey and will be rolled out in Eastern Europe, Africa and South America in the coming months.
The market for large luxury SUVs has been growing steadily and new entrants from Lamborghini and Maserati are due to launch soon, but none will match the Range Rover's off-road ability and on-road dynamics.
The prospect of European car sales this year falling to their lowest level since 1995 is not reflected in the Automotive News Europe/PricewaterhouseCoopers Transaction Services Shareholder Value Indices for the third quarter of 2012. In Q3, European automakers achieved a 6.