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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.

Volkswagen working on new VR6 engine

Volkswagen is pushing ahead with development of a new narrow-angle V6 direct-injection gas engine, sources from the German carmaker's engineering headquarters based in Braunschweig reveal. Engineering for the new engine is being overseen by Volkswagen's new head of engine development, Fritz Eichler -- who in a previous position led the development of the current generation of Mercedes-Benz AMG powerplants -- continues with a swept volume of 3.0-liters and an unfashionable 15-degree cylinder bank angle. It has been conceived for transverse mounting.

Chrysler previews SEMA with four sketches

Chrysler is bringing its full weight to the annual SEMA show in Las Vegas on Nov. 5-8. The Pentastar brand will have at least 20 modified Chrysler, Jeep, Dodge, Ram, Fiat and SRT vehicles to highlight its more than 15,000 square-foot exhibit.