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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.

Volvo to unveil new SUV tomorrow [w/video]

Volvo will premiere a mystery new vehicle tomorrow after releasing a series of three teaser videos. The highly ambiguous videos, which give few details of the car, all feature members of the band Swedish House Mafia, which end with the words "Leave The World Behind" and the date of its official debut. You can catch sight of the vehicle in the distance during the second video (left), however, which looks to be the rumoured XC40 compact crossover, rather than the larger XC90 SUV.

Pininfarina Nido microcar brings safety, spunk to exhibition in Japan

The Pininfarina Nido, the quirky pedestrian-friendly microcar from the 2004 Paris auto show, is being dusted off for another showing. This time, it will appear as part of an exhibit to bring Italian culture and innovation to Japan. The event runs from Sept.