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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.

Tesla Model S sedan catches fire in owner's garage

Another Tesla Model S sedan has caught on fire. This time, however, the four-month-old electric vehicle didn't hit road debris; according to Business Insider, the car's owner returned from a drive and parked the car in the garage. Moments later, the smoke detector went off, indicating a fire.

New Chevrolet Aveo (2012): Starts at £9,995

New Chevrolet Aveo (2012): Costs from £9,995 It’s taken a very long time for the (now) 2012 Chevrolet Aveo to make it from production reveal - at Paris 2010 – to a reality in UK showrooms. But Chevy has finally got it together and the new Aveo will arrive in a Chevrolet showroom near you (if there’s a Chevy showroom near you, that is) in January – a full two years since Chevy rolled out the new Aveo concept at Detroit at the start of 2010. So was it worth the wait?