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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.

Chevrolet Cobalt

The Cobalt is yet another Chevrolet making its debut at the Buenos Aires International Motor Show. Reviving the previously defunct name, the three-box Cobalt has been developed by GM's Technical Center in South America. Finished in a 'smoke beige' hue, the show car is said to be the result of research that showed cutomers' desire for more internal space paired with increased refinement and equipment.

Porsche Macan to debut at Los Angeles – gets V6 turbo petrol

The dealer presentation for the new Porsche Macan The Porsche Macan – Porsche’s take on a smaller version of the Cayenne to tap in to the more compact SUV market – will arrive at the Los Angeles Auto Show in November and get V6 turbo power. Jalopnik has managed to get photos of a dealer presentation of the Porsche Macan which confirms its arrival at Los Angeles and also gives us some detail of what will power the new smaller Porsche SUV. We’re not entirley sure the photo Porsche used in the presentation is the actual Macan (Jalopnik think Porsche has used a render by Auti Bild to muddy the waters for their dealers – just in case the presentation leaks) but it does seem clear that Porsche, at l;east initially, aims to provide the Macan with decent levels of Porsche power.