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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.

Cycle or walk, charity urges parents

PARENTS could save a collective £2 billion a year if they ditched the school run and accompanied children to lessons on foot or by bicycle, says a transport charity. On average, each set of parents could reduce costs by £642 a year if they did not use their car to ferry their offspring to and from school, said Sustrans. Around 11 million journeys a day are made between home and school, while, on average, primary school children live 1.8 miles from school, which is a 25-minute brisk walk, or 15-minute bike ride.

Timeless Chrysler classics debut at Amelia Island

Three decades of Chrysler concept cars from the '40s, '50s and '60s will be on display at the 19th annual Amelia Island Concours d'Elegance on March 9. The Thunderbolt roadster and Newport will be on hand to show off design elements inspired by the land-speed record duals of the 1930s in Bonneville. The Thunderbolt is being presented on behalf of the Driehaus Collection and the Newport will be provide by The National Automotive Museum of Reno, Nev.