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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.

Volkswagen says Italdesign purchase will boost its growth strategy

Volkswagen AG will acquire a 90 percent stake in Italdesign Giugiaro S.p.A., VW said Tuesday. The Giugiaro family will retain 10 percent in the 42-year-old automotive styling company that is famous for designing cars such as the first-generation Volkswagen Golf. VW CEO Martin Winterkorn said Italdesign will make an important contribution to the automaker's 2018 global growth strategy.

2015 Volvo XC90 First Edition price & spec – costs £68,000

The new XC90 First Edition – a range-topping, £88k XC90 The more we’ve looked this week at the new Volvo XC90, the more we’re beginning to see it as a seminal model for Volvo in the same way the original XC90 was in 2002. And, if all it promises comes close to reality when the first new XC90 s start to arrive in 2015, the new XC90 really could make serious inroads in to the market for premium SUVs currently dominated by Mercedes, BMW, Audi and Land Rover. The new XC90 ‘s clever packaging, good looks, technology and toys certainly seem to offer a beguiling package for a premium family SUV, although the price is likely to be a touch stronger than the current model.