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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.

Nissan Leaf electric vehicle headed for U.S. market in 2010

Nissan has taken the wraps off its production-bound electric vehicle, named Leaf, that is plans to sell in Japan, the United States and Europe. The Leaf seats five and measures 175 inches long--about the same size as a Versa sedan. It uses an 80-kilowatt AC electric motor and draws from a laminated lithium-ion battery pack--the same type of batteries used by cellular telephones and laptop computers.

Volvo Concept Universe teased. Is this the Volvo S90?

The Volvo Concept Universe – could this be the Volvo S90? As you really can’t have failed to notice, we have two major motor shows looming – the 2011 New York Motor Show and the 2011 Shanghai Motor Show. Both are vying to host the best reveals and so far it seems honours are even.