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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.

Flying A Garage makes a hard landing

It was one of the greatest rod, custom, drag-racing and classic-car collections ever assembled and it soon will make one of the greatest auctions. America's Car Collection, housed at the Flying A Garage in Winnemucca, Nev., had cars by Ed Roth, the Alexander Brothers and Harry Bradley, along with memorabilia from Von Dutch and Roth. There even is a Mickey Thompson mini bike, fer goodness sake.

Subaru Cross Sport Concept Bows at Tokyo

With little fanfare Subaru showed two promising concepts at the Tokyo show, both based on iconic Subaru performance cars. The Cross Sport Design Concept is an SUV/wagon body that rides on BRZ mechanicals. Think of it as a BRZ wagon, offering the nimble tossability of the sporty BRZ coupe with the roomy practicality of a wagon.