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UPDATED: Aston Martin sold
Mon, 12 Mar 2007By Phil McNamara Motor Industry 12 March 2007 09:38 Aston Martin is today under new owners, following the sale of Britain’s premier sports car company to an investment consortium. After 20 years of ownership, Ford divested itself of the brand, its facilities and its products, in a deal valuing Aston at £479m. The new owner is a consortium led by David Richards, boss of automotive consultancy Prodrive, who helped to unite two private investment companies from Kuwait. Adeem Investment, which already owns the Grosvenor House Hotel in London, has a portfolio worth $1.5 bn.
Autoweek in review: What you may have missed
Sat, 08 Dec 2012On Monday we woke to a recall involving the Ford Fusion and the Escape SUV for a problem with its 1.6-liter engine that could cause a fire. More than 80,000 vehicles were affected, and more bad news was to come. Auction house RM touted its car list for its January Arizona event, including some Italian and American racing history.
Porsche Cayenne S Transsyberia (2008): first photos
Tue, 09 Sep 2008By Nick Eaton First Official Pictures 09 September 2008 12:00 This is the new Cayenne S Transsyberia, a road-going version of Porsche’s racing Cayenne that has won the Transsyberia Rally three years running. Porsche has dominated the rally - which runs 4,460 miles across Asia between Moscow and Ulan Bator – in recent years with its Cayenne finishing in first to third in 2007, and first to sixth in 2008. Yes. To celebrate its success Porsche will unveil a street-legal version of the car at the Paris motor show next month.