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LVMH to buy Ford's Aston Martin brand, German weekly to report

From MarketWatch| February 05,2007

FRANKFURT-French luxury-goods company LVMH Moet Hennessy Louis Vuitton SA (12101.FR) is set to buy Ford Motor Co.'s (F) Aston Martin brand, German weekly Autobild will report Friday without citing its sources.

The U.S. automaker will retain a 15% stake in the European luxury brand, which is part of Ford's Premium Automotive Group, the report said. The report didn't elaborate on any financial details.

Premium Automotive Group spokesman John Gardiner told Dow Jones Newswires the process to sell Aston Martin "is ongoing". LVMH declined to comment.

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