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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.

BMW to EXPORT 5-Series from China

BMW are to export China made 5-Series cars When you think about luxury cars in China, you think of big imports from the West at premium prices for newly wealthy Chinese. But BMW are planning to turn that on its head. BMW’s China CEO has revealed that before the end of 2011 we’ll see Brilliance-BMW 5-Series cars being exported to neighbouring Asian countries, as BMW seeks to cash in on its low cost, low duty China manufacturing facility.

New Mercedes-Benz gullwing sports coupe spied

Carmakers have their plans for this year's Geneva motor show lined up. But here's something that we expect to see at Geneva in 2010: Mercedes-Benz's new high-performance coupe. Up to now, reports are that this gullwing Mercedes sports car would wear the SLC name.