Club Pro E-z-go 4 Person Txt/medallist Over The Top Enclosure, Charcoal Tweed on 2040-parts.com

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.

Ferrari online earthquake auction starts today – 599XX Evo up for grabs

To raise funds for the victims of the recent earthquake in the Emilia Romagna region of Italy, Ferrari is holding an online auction. The recent earthquake in the Emilia Romagna region of Italy is where Ferrari is based and their production was disrupted by the second of the earthquakes – measuring 5.8 on the Richter scale and claiming 17 deaths in the region – at the end of May. To help with funding for victims of the earthquake Ferrari has organised an online auction of Ferrari ‘stuff’ which kicks off this afternoon, and includes not just stuff like racing suits and helmets but a specifically built Ferrari 599XX Evo.

Porsche says Panamera avoids gas-guzzler tax

Few expenses were spared in conceiving the Porsche Panamera, but consumers will avoid at least one cost of ownership: the ignominious gas-guzzler tax. Porsche has announced ratings for the 2010 sedan; it will get a combined figure of 18 mpg or 19 mpg from the EPA, depending on the model. This means Porsche’s four-door foray will avoid a fairly substantial cost of ownership--a tax of up to $7,700 is levied on the most prolific guzzlers.