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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.

Turbo version of Buick Verano priced at $29,990

The Buick Verano Turbo sedan will sticker at $29,990, including the $885 shipping charge, when it hits dealerships this fall. The Verano Turbo will use the same four-cylinder as the Buick Regal GS sedan but makes a shade less power at 250 hp and 260 lb-ft of torque. Additionally, it will get an EPA-estimated 20 mpg on the street and 31 mpg on the highway.

Saab 9-5 sedan epsilon 2 sedan releases redesign with clear look

Saab has released details of its new 9-5 flagship, a car crucial to the brand's success as an independent automaker under new ownership. Earlier this month, General Motors Co. reached a deal to sell Saab to Koenigsegg Group AB, a consortium of private investors that includes Koenigsegg Automotive AB, a tiny Swedish maker of $1 million supercars.