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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.

Toyota talks powertrain plans

After trailing many of its competitors in the recent engine- and transmission-technology wars, Toyota Motor Corp. will launch a swath of powertrains in the next several years, a top powertrain r&d executive said. Koei Saga, senior managing officer in charge of drivetrain r&d, said that Toyota is investing heavily in turbocharged engines, larger displacement Atkinson cycle engines, continuously variable and fixed-gear automatic transmissions, and new hybrid and fuel cell technologies.

Mercedes B Class F-Cell Hydrogen launched

Mercedes has announced the Hydrogen-Powered B-Class F-Cell The B Class F-Cell will go in to limited production later this year, and be leased to 200 customers in Europe and the US. The electric motor on the F-Cell is reckoned to be comparable to a 2.0 litre petrol car, but can manage the equivalent of 86.6 mpg. But it doesn’t suffer from the drawbacks of plug-in electric cars, taking just 3 minutes to refuel.