Lamborghini Gallardo Carbon Fiber on 2040-parts.com

Fiat to build crossover on 500 platform

Fiat plans to start production of a crossover variant of its 500 minicar next year. The new model will be called the 500X, with the letter X standing for cross, company sources told Automotive News Europe. The car will replace the Sedici in Fiat's Europe lineup.

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.

BMW X7 confirmed – but will it take on the Range Rover?

BMW today confirmed it will produce an all-new X7 model at its Spartanburg, US plant – reinforcing the American factory’s position as BMW’s largest production facility in the world. The new X7 is expected to be a large seven-seat range-topper that will appeal to the US market; it will probably be a rival to the Mercedes-Benz GL – and thus potentially be a premium alternative to the luxury Range Rover. BMW X4 revealed BMW X5 Plug-In Hybrid review (2014 onwards) BMW hasn’t confirmed anything other than the fact it will be ‘larger’ than the X5 and X6.