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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.
MSN Cars' Ian Dickson and Steve Walker to leave
Thu, 19 Dec 2013Microsoft MSN Cars' journalists Ian Dickson (above left) and Steve Walker (right) are to leave the team at the end of 2013. The pair, who produce much of the content you read here day-to-day, have notched up an impressive 10 and a half years' combined service between them. Senior editor Ian Dickson joined MSN Cars in September 2006, while content editor Steve Walker arrived in September 2010.
Chrysler says it needs another $2 billion in aid
Tue, 17 Feb 2009In submitting its viability plan to the federal government on Tuesday, Chrysler asked for an additional $2 billion beyond the $7 billion in loans it sought late last year and outlined further steps to cut costs. Chrysler said it will reduce fixed costs by an additional $700 million, cut 100,000 more units of production capacity, discontinue three more model lines and sell $300 million more in assets.