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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.

Costs put Mini Rocketman at risk

BMW is not ready to commit to building the Mini Rocketman, a minicar concept that debuted in March at the Geneva auto show. The reason? Executives say privately that they fear that the Smart competitor would not be profitable.

New Kia launches Focus and Golf attack

By Phil McNamara Motor Industry 15 August 2006 09:00 Europe's fastest growing car brand – Kia – is finally wading into Europe's biggest market with a serious contender. But with a joke of a name: the Cee'd. Kia claims the five-door hatchback will be the most spacious car in the C-segment, where it will do battle with the VW Golf, Ford Focus et al.