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Flashback: Pontiac killed on April 27, 2009

It was precisely two years ago today--April 27, 2009--that Pontiac met its demise. In hindsight, the decision made a lot of sense for General Motors, which six weeks later would file for bankruptcy. But at the time, many enthusiasts were more than a bit upset that 80 years of Pontiac--once the third-best-selling brand in the United States--was set for the scrap yard.

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.

Ford to sell off Volvo: newsflash

By Tim Pollard Motor Industry 01 December 2008 15:18 Ford has just announced it is putting Volvo up for sale. The strategic review, announced today, is part of the Blue Oval’s rescue plan and, if it does sell its Swedish outpost, it could add hundreds of millions to Ford’s wonky balance sheet. The news underlines the collapse of Ford’s global ambitions.