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Ford to sell Aston Martin

By Georg Kacher Motor Industry 31 August 2006 02:39 The world’s two biggest luxury goods firms – including the conglomerate behind brands like Moet and Louis Vuitton – are locked in a battle to buy Aston Martin from cash-starved Ford. Ford announced today that the British sports car manufacturer would be sold and CAR has learned that Swiss-based Richemont and the French holding company LVMH have emerged as most likely to take on Aston despite having no previous experience in the car industry. Ford desperately needs to tap into the potential $700m-$1bn the sale of Aston could generate and hopes to finalise a deal by the end of the year.

Gallery: Formula 1 2009 cars unveiled

By the CAR Online team First Official Pictures 20 January 2009 09:00 The 2009 Formula One season starts on 29 March and already the teams are unveiling their cars. Over the next few weeks more and more of the F1 teams will release pictures and details of their new racers, so keep coming back to CAR Online to see photos of the new 2009 grand prix cars. Use our image gallery to the right to see pictures of the new F1 cars officially shown so far.

GM looks for new product boss

General Motors is about to get another product boss. The question is, who? Vice chairman Tom Stephens will move to the freshly minted position of chief technology officer for GM on Feb.