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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.
Peugeot 508 gets engine and cosmetic upgrades for 2015
Thu, 19 Jun 2014The new Peugeot 508 (pictured) debuts in August It’s four years since the Peugeot 508 first broke cover and pitched its tent as a French take on the Ford Mondeo. So now it’s time for some updates. The facelift for the 508 covers all three models in the 508 range – saloon, estate (SW) and the high-riding 508 RX – and mainly comprises of new bumpers front and back, new LED lights front and back, a re-profiled bonnet and a new grill with the Peugeot Lion front and centre.
BMW spends $900 million on South Carolina plant to build the X4 SUV
Thu, 12 Jan 2012BMW is expanding its lineup with the X4 and growing its manufacturing base with a $900 million investment in its Spartanburg, S.C., assembly plant. "This is in response to rising global demand for the BMW X family to include the BMW X4," BMW board member Frank-Peter Arndt said. BMW says the investment will create 300 new jobs at the plant.