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Ford to sell Aston Martin
Thu, 31 Aug 2006By 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.
Concept Car of the Week: Volkswagen Microbus (2001)
Fri, 18 Oct 2013The turn of the millennium seemed to induce a feeling of nostalgia among car manufacturers and with it a plethora of heritage/retro designs, including the new Mini, new Ford Mustang and Nissan Z. Following the runaway success of its New Beetle, which probably started the trend, VW asked itself whether it could enjoy the same success with a modern interpretation of the legendary T1 Microbus. Designed at the surf-central design studio in Simi Valley, California, the Microbus Concept took ample inspiration from its distant ancestor, but was modernized in every way.
GM will launch 60-day money-back guarantee
Thu, 10 Sep 2009General Motors Co. is taking a page from the retail industry with its latest marketing blitz in an effort sell more cars: a 60-day money-back guarantee. The initiative--unorthodox for an automaker--starts Monday and covers 2009 and 2010 model-year cars from GM's surviving brands, Chevrolet, Cadillac, Buick and GMC.