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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.

Aston Martin adds a V8 Vantage S

Slotted between Aston Martin's vaunted V8 Vantage and the venerable V12 variant comes a tweener model that promises to be anything but vague: Aston is adding the S variant, with more power and an upgraded transmission. The Vantage S draws power from the 4.7-liter V8 making 430 hp, 10 hp more than in the base Vantage. The S also adds 15 lb-ft of torque, boosting total twist to 361 lb-ft.

Toyota and GM recall nearly 1.3 million vehicles over airbag issues

Toyota is recalling certain RAV4, Yaris, Highlander, Tacoma, Corolla, and Matrix models in the U.S. market, part of a larger global recall campaign, for an issue that could prevent the airbag from deploying in the event of an accident. General Motors is recalling Pontiac Vibe vehicles for the same problem; the Vibe is mechanically similar to the Matrix because the two shared a platform and were built at the same plant.