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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.

Rolls-Royce snags new designer

From one famous British luxury-car maker to another--that's the bespoke transition ahead for Giles Taylor. He's taking over as head of exterior design for Rolls-Royce in April, after an extensive career at Jaguar, where he was chief designer. The 43-year-old also worked as an exterior designer for PSA Peugeot Citroen.

Cadillac CTS-V hits the UK

When you think of Cadillac you tend to think of geriatric Americans coasting round God’s waiting room in Florida. Slow, old, wrinkled and not very well bolted together (and that’s just the drivers), nothing to inspire the car lover, and certainly nothing to suggest it would be a good idea to try and sell a big Cadillac saloon in the UK. Who would want to buy a slow, old fashioned Cadillac in the UK?