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UPDATED: Aston Martin sold

By 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.

Mazda Furai concept: first official pictures

By Ben Pulman First Official Pictures 09 January 2008 09:37 The new Furai is designed to blend the boundaries between road cars and race cars, according to Mazda. The Japanese company claims that on any given weekend there are more Mazdas and Mazda-powered cars pounding the racetracks of the USA than of any other make. And to celebrate this, and 40 years of the rotary engine, Mazda has given us the Furai concept.

BMW pushes back the U.S. debut of the X1 until the end of 2012

BMW will not offer its compact X1 crossover in the United States until the end of 2012 because of strong demand for the redesigned version of the larger X3. Also, the X1 is selling well outside the United States so supplies are tight, said Jim O'Donnell, CEO of BMW of North America. The X1 was launched in Europe in November 2009.