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UPDATED: Aston Martin sold
Mon, 12 Mar 2007By 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.
Car production hits million mark
Thu, 24 Oct 2013A MILLION CARS have been produced so far this year in the UK, helped by a highly successful month in September. But manufacturing of commercial vehicles (CV) slumped more than 27%. A total of 140,888 cars were built in the UK in September 2013 - 9.9% more than in September last year, the Society of Motor Manufacturers and Traders (SMMT) said.
Half of drivers try home fixes
Fri, 06 Dec 2013ALMOST HALF of the UK’s drivers have tried to fix their car at home with help from an online video rather than take it to a garage. A study by breakeryard.com shows two-fifths of drivers use videos from websites such as Youtube to learn how to fix their car. The study also showed that more than half (54%) had also tried to fix their car at home to save money on repair bills.