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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.
Renault buys Caterham stake in Alpine as Anglo-French deal collapses
Tue, 10 Jun 2014By Michael Karkafiris Motor Industry 10 June 2014 10:36 The collaboration between Renault and Caterham officially ended today, with the French company acquiring Caterham’s remaining stake in Alpine. It marks the end of the road for the Anglo-French collaboration, leaving Renault the sole owner in Société des Automobiles Alpine. Today’s announcement terminates the 50-50 partnership signed in November 2012 between the two companies, a partnership that started with the promise of building two sister sports cars, one from Alpine and one from Caterham.
Porsche Panameras recalled for seatbelt fix
Tue, 27 Apr 2010Porsche is recalling all 11,300 units of the 2010 Panamera to fix a problem with the front seatbelts. According to Porsche, the Panamera's seatbelt mounts could fail in a crash when the front seats are in the full forward position. No injuries have been reported.