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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.
Ford Focus ST: The Sweeney Premiere
Mon, 03 Sep 2012With the Focus ST about to hit the road, Ford’s new hot Focus is front and centre in the premier of The Sweeney movie tonight. For readers past the first flush of youth, the cars of Ford and The Sweeney are inextricably linked in memory. From the Consul GT to the MK III Cortina and the later Granada 2.8 S, Ford and Sweeney are synonymous.
Electric-car start-up aims to keep NUMMI open with zero-emission vehicles
Thu, 11 Mar 2010Electric car hopeful Aurica Motors LLC is floating a plan to keep open a California joint venture between Toyota and General Motors by building zero emission vehicles there. Aurica has been negotiating the plan with New United Motor Manufacturing Inc. for the past three months, Aurica General Manager Matt Pitagora said in a phone interview late Wednesday.