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Lous Vuitton denied rumors of it buying Ford, but now Reuters is reporting that Ford could get more than £450 million ($880 million) for the Aston Martin luxury brand. Bidders including private equity firm Doughty Hanson and Simon Halabi submitted second-round offers for Aston Martin in an auction being run by investment bank UBS AG. Bidding is expected to reach up to at least $1 billion.

Buy selling Aston Martin, Ford is looking to gain much needed funds for other businesses.

Source: Reuters

[tags]Cars, Car, Auto, Automobile, Vehicles, Technology, Auto News, News, Aston Martin, Ford[/tags]

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