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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.

Ferrari online auction to benefit victims of Italian earthquakes

The series of earthquakes that struck northern Italy this month did much more than temporarily halt supercar production. It resulted in the deaths of at least 24 people and caused hundreds of millions of dollars in property damage. Ferrari, whose hometown of Maranello is situated in the quake-stricken region, will conduct an online auction and contribute proceeds to the families of earthquake victims.

One Lap of the Web: Bugatti state of mind

-- Last week, we looked at the new Bugatti exhibit at the Mullin Museum, which taught us more about Bugatti in an afternoon than the last three years of idly flipping through Pebble Beach programs. Having thus immersed ourselves in the House That Ettore Built, we'd really like to drive to work in a faithful Type 35 replica by the aptly named Pur Sang, which Mark Dixon of Octane drove for his 140-mile commute. "You need to keep the revs up while the engine clears its throat and warms its plugs," he writes.