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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.

McLaren MP4-12C: Fastest round the Top Gear track – EVER

McLaren MP4-12C - destroys the Top Gear Track With plenty of information now floating around on the performance of the McLaren MP4-12C, it’s pretty clear that most feel it to be a quite exceptional car. There do seem to be a few moans about its rather generic design (although that will stop it dating quickly) and some have complained that the MP4-12C doesn’t have the magic a 458 has. Which may have more to do with the different natures of the British and Italians than anything else.

Daimler and Renault-Nissan strike a global partnership

Daimler today struck a wide-ranging partnership with the Renault-Nissan alliance, in a deal that will usher in new jointly developed cars, shared technologies and a multitude of cost savings.  Cars such as the new 2014 Smart Fortwo will now be twinned with the next Renault Twingo, while the Forfour is set for a comeback and we can expect plenty of shared combustion engines and electric motors, borrowed platforms and jointly developed SUV tech across all three parties. And that's only scratching the surface of the possibilities opened up by this wide-ranging deal.