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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.

Saab’s Chinese Takeaway goes cold

Saab loses Hawtai investment There’s nothing worse than a cold Chinese; all congealed and unappetising. A reality Victor Muller woke up to today when the news broke that the much-trumpeted investment by China’s Hawtai in Saab had turned sour. But it wasn’t exactly unexpected.

Cabbies test new British-built hybrid Black Cab

LONDON cabbies have seized the chance to test the first in a new wave of low-emissions taxis. At Metrocab's testing facility in Surrey, representatives from the Capital's taxi world met London Mayor Boris Johnson, who after driving the car threatened to turn into Top Gear's Jeremy Clarkson. The Mayor joined Licensed Taxi Drivers Association (LTDA) General Secretary Steve McNamara, and London Cab Drivers Club (LCDC) Chairman Grant Davis to put the Metrocab’s zero emissions capability to the test.