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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.

Opel to revive Monza line with Frankfurt-bound concept

Opel will unveil a new concept aimed at reviving the Monza line at September's Frankfurt motor show, according to reports emerging from Germany. The concept is believed to be a large coupé showcasing the brand's latest in lightweight materials and in-car technologies. Details are scarce, but it is allegedly based on a shortened Cadillac ATS platform with a rear-wheel drive layout and will include a range of four- and six-cylinder engines with displacements between between 2.0 and 3.6-liters.

Damon Hill’s bid to close P1 'unsuccessful'

By Tim Pollard Motor Industry 20 March 2009 16:04 Damon Hill’s bid to wind up the P1 supercar club in the High Courts of Justice has been rejected – for now. The former F1 world champion is pursuing money owed to him and issued a petition to close down P1 to pay the debt. But Hill’s co-founder of P1 International, and current chief executive officer, Michael Breen told CAR Online that the petition to wind up his business had been unsuccessful.