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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.
Fisker Karma hybrids burn during superstorm Sandy
Wed, 31 Oct 2012Fisker Automotive Inc. is looking into a report that 16 of its Karma plug-in hybrids caught fire at a New Jersey port after being submerged in seawater during Hurricane Sandy. "There were no injuries, and none of the cars were being charged at the time," the company said in a statement.
Why the Subaru WRX STi is making a UK comeback
Wed, 15 Jan 2014After a short hiatus, the Subaru WRX STi (once known as the Impreza) is coming back to the UK. The re-introduction was confirmed at the new car’s unveiling at the 2014 North American International Auto Show (NAIAS) in Detroit – and it’s great news for us Brits. When the Subaru WRX STi goes on sale in the UK later this year it will cost £28,995 – that’s a whopping £4,000 less than its predecessor.