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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.

Skoda MissionL Concept revealed – the Skoda Lauretta, perhaps?

Skoda MissionL Concept - destined to be the Skoda Lauretta Skoda is on a mission to push its sales through the roof in the next year or seven – aiming for 1.5 million sales, no less, by 2018 –  and part of that strategy is to fill the gap in its range between the Fabia and Octavia. So it’s a good thing the Skoda MissionL Concept fits the bill. Not that we have a great deal to go on with the MissionL Concept, as all Skoda have done so far is send us a short press release and the teaser photo above (which was a lot darker until we sent it through Photoshop).

Concept Car of the Week: Autobianchi Runabout (1969)

The 850 was a very popular car for Fiat in the ‘60s, especially in its spider version with its cute design and compact proportions. When the time came to replace it, Fiat went back to Bertone, where chief designer Marcello Gandini was charged with designing its replacement. Not happy to simply recreate the 850, he began with a whole new layout by placing the engine directly in front of the rear axle for a mid-engined layout.