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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.

Vauxhall DROPS Lifetime Warranty – quietly during the Paris Motor Show news rush

Vauxhall DROPS Lifetime Warranty Vauxhall trumpeted the arrival of a Lifetime Warranty for all their new cars 4 years ago, a move that was designed to show confidence in their cars and tackle the substantial warranties on new cars offered by companies like Hyundai and Kia. But now, in a lesson doubtless learned from ‘bad news’ burying in politics, Vauxhall has revealed they’re dropping the Lifetime Warranty from 2015, no doubt hoping it won’t make headlines in the middle of the news rush from the Paris Motor Show. So now, instead of a lifetime warranty (which was really only for 100,000 miles) buyers of new Vauxhalls will get a fairly bog-standard 60,000 mile/3 year warranty.

Opel and Auto Design and Styling magazine launch new sketch contest

Opel and Auto Design and Styling magazine have joined forces to launch the ‘Adam Seeks Eve' sketch competition. The competition, which is open to amateur and professional designers of all ages, asks participants to "sketch the ideal car partner for the Opel Adam." Designs can be a personalized Adam, a model inspired by it, or its next iteration. The winner will be awarded a free ticket to the AutoDesign Prague Automotive Design Conference and the AutoDesign Prague Workshop as well as being lent an Adam for a week.