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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.

EVs are back in Revenge of the Electric Car

Revenge of the Electric Car, by writer/director Chris Paine, follows General Motors' Bob Lutz, Nissan's Carlos Ghosn, Tesla's Elon Musk and backyard inventor Greg "Gadget" Abbott from 2007 to 2010, when their respective companies were getting in (or returning) to the electric-car game. Paine also wrote and directed the contentious 2006 documentary Who Killed the Electric Car? That film followed the GM EV1 electric vehicle from buyer's hands to the junkyard when the company controversially collected and destroyed them all.

Four-door version of Fiat 500 coming to North America

Fiat is bringing a four-door version of the 500 small car to North America, three company sources say. The vehicle will appear in Europe at the end of 2011. Timing for the United States is still uncertain.