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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.

Chevrolet to add the Sonic name, drop Aveo on its next subcompact

Chevrolet will drop Aveo and adopt a new name - Sonic - when its remodeled entry-level subcompact debuts next year. Chevrolet and General Motors Co, officials have been considering a name change for the subcompact sedan since October. GM North America President Mark Reuss said confusion over how to pronounce “Aveo” had sparked the desire for a change.

Hyundai issues recalls for faulty brake switch, loose bracket

Hyundai is recalling 186,254 Elantra vehicles from model years 2011-2013 to replace a support bracket on the headliner. Hyundai says the bracket can be dislodged during a side-curtain-airbag deployment and could injure the driver. In a crash in May, an occupant’s ear was cut when the driver’s side curtain airbag deployed.