Ford
may sell off Aston Martin
Detroit: Ford Motor Co. is said to be trying to
sell its Aston Martin luxury in order to get funds to
invest in its other brands amid a sharp downturn in sales
but is not sure that its decision would result in a sale
of Aston Martin. In Europe potential buyers are said to
have already approached the company about a deal. Ford's
portfolio of European-based luxury car brands has fallen
short of the automaker's optimistic projections from several
years ago. The Aston Martin unit lost $162 million in
the second quarter of the current year, at the same time
as a downturn in U.S. sales of trucks and sport utility
vehicles hit Ford's most important market and product
line.
Ford
chairman and chief executive officer Bill Ford said Aston
Martin was the most logical and capital-smart divestiture
choice since the product line-up and dealer base of the
niche automaker remain separate from other Ford brands.
He said Ford had made no decision on whether to sell any
of the other luxury brands that form its Premier Automotive
Group unit. Ford shares have gained 32 percent since late
July as traders began to price in the prospect of an accelerated
restructuring plan for the automaker.
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Book
lovers hit jackpot as Google offers classics free
San Francisco: Google has made classic literary
works available for free download in printable format
as part of its controversial quest to make the world's
books available online. Now a number of books can be printed
out at the Google Book Search website http://books.google.com,
according to the company. "Users can search and read
these books on Google Book Search like always, but now
they can also download and print them to enjoy at their
own pace," the company said in a release. However,
the company said it does not enable downloading of any
books under copyright. With copyrighted material, Google
only displays basic information and snippets of text along
with information regarding where to get the books, according
to the company.
Google
has established partnerships with major libraries to make
more books available online.
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