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Ellwood City, Pennsylvania, US
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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.
Toyota, Nissan shift gears and boost incentives
Fri, 13 May 2011A day after announcing that its North American factories would be cranking up production sooner than expected, Toyota Motor Sales U.S.A. unveiled a series of regional cash, interest-rate, and lease incentives on most of its vehicles. Nissan Motor Co.
Beijing Auto Show 2014 – Trends and Overview
Tue, 29 Apr 2014With the New York auto show just one week earlier, many carmakers took the decision to use the Beijing show as their preferred choice of launch event. While the NYC expo holds decent sway on the US East coast, it could never hope to compete with the lure of the world's biggest – and fastest expanding – car market. With over 1,300 cars on display from scores of brands – both domestic and foreign – it's a fascinating bazaar of automotive hardware across the entire bandwidth of the industry.