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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.

Jaguar Land Rover: Too expensive to build cars in India

Tata boss Ratan Tata has said that building Jaguar Land Rover in India is impossible at the moment because of silly taxes. With the rise and rise of Jaguar Land Rover, you’d imagine that full scale production of both Jaguar and Land Rover models would be a given in India. But it seems not.

BMW X6M and BMW X5M Revealed

The BMW X6M & X5M revealed ahead of the New York Car Show [ad#ad-1] Well, this was supposed to be a big reveal for the New York Motor show, which kicks off to the paying public on the 10th, and journos a few days before. But fuzzy scans of the new BMW X6M and BMW X5M turned up on the web a couple of days ago, so it looks like BMW has decided to get the info out as soon as possible. Yes, it’s a rotten time to be bringing out a new, big 4×4, much less one with over 500bhp.