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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.

Toyota recalls Toyota Avensis & Lexus IS 250

Toyota recall the Avensis & Lexus IS 250 Toyota must have a sinking feeling of deja vu today, as the spectre of last year came back to haunt. 2010 was the year of the Toyota Recall, with millions of cars worldwide recalled to address the ‘Throttlegate’ issue of sticky accelerator pedals. But today’s recall announcement is not in that league, affects less than 20,000 cars in the UK (although over 1 million worldwide) and there have been no reports of any accidents relating to the recall in the UK.

Ferrari releases teaser image of Enzo successor

Update: Ferrari has released a new image of the Enzo successor's rear, which we've attached above. Of the 288 GT0, F40, F50, Enzo and its upcoming successor, Ferrari Technical Director Roberto Fedeli says, “Let's refer to them as our 'specials.' " That works for us. In a day and age when a Porsche Boxster S delivers performance on a par with yesterday's supercars, that particular appellation seems to have lost much in the way of meaning.