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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.

Ford Mondeo goes green

By Ben Barry First Official Pictures 03 June 2007 01:57 New Mondeo spearheads Ford's ramp-up of bio-fuel models Ford announced an expansion in its flexifuel range. Flexifuel allows a vehicle to run on either regular petrol or E85 – an 85/15 percent bio-ethanol/petrol blend – and automatically offsets any carbon emissions produced because more crops are always produced to meet the demand for fuel. Ford president and CEO John Fleming confirmed that the existing Focus and C-Max flexifuel cars would be joined by Mondeo, Galaxy and S-Max derivatives, which will all come on stream from early 2008.

Audi planning their own version of the electric VW e-Up

Perhaps the most promising EVs from Audi so far have been the A2 EV (pictured above) and the A1 range extender with a small Wankel engine in the boot to charge the battery. But even they were dropped from Audi’s production plans last year. But now it seems Audi are back in the production EV game with plans to produce an Audi e-tron using the underpinnings of the electric VW e-Up, but with Audi styling and an upmarket Audi interior and high-end Infotainment.