Woman survives 12-feet fall – after landing on lover””””s Aston Martin!

London, May 13 (ANI): A woman survived a 12-feet horror fall when she landed on her lover””””s Aston Martin.

Jade Bates, 22, tumbled backwards from an open bedroom window but miraculously escaped only with a leg injury.

She landed on the bonnet of his new 140,000-pound DB9 sports car – which was left with a huge dent.

“There was a huge scream and Jasvir looked outside to see Jade lying on his car. He was frantic.

“If the Aston hadn””””t had such a long bonnet, she could have been paralysed or dead. The car saved her,” The Sun quoted Jade’s friend as saying.

Jasvir, 28, rang 999 and Jade was taken to hospital by ambulance.

She was recovering at home yesterday.

Jasvir is thought to be “distressed” at the fall, having upgraded the Audi R8 weeks earlier.

“They were celebrating a friend””””s birthday.

“The guys were in the kitchen and the girls were upstairs. It appears to have been just an accident.

“Jasvir just bought the car and there seemed to be problems with electrics. It””””ll cost a lot more to fix now,” the friend added. (ANI)

Geely signs deal to acquire Ford’s Volvo car unit

STOCKHOLM, March 28 (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, has agreed to acquire Ford Motor’s (F.N) Volvo car unit, a Volvo spokesman said on Sunday.

Stocks | Mergers & Acquisitions | Cyclical Consumer Goods

The deal, which both sides aim to close in the coming months, will free up cash for the number two U.S. automaker and enable it to focus on its core Ford brand.

Geely, parent of Geely Automobile Holdings (0175.HK), was named by Ford as the preferred bidder for its Swedish unit in October 2009.

The Volvo takeover marks China’s biggest acquisition of foreign auto assets and the final member to be sold of Ford’s former premier auto group, which had also included Aston Martin, Jaguar and Land Rover.

UPDATE 3-Geely signs $1.8 bln deal for Ford’s Volvo car unit

* Geely agrees to buy Volvo Car Corp for $1.8 bln

Stocks | Mergers & Acquisitions | Cyclical Consumer Goods

* Geely says has secured all necessary financing

* Deal expected to be closed in third quarter

* Geely says will maintain manufacturing in Sweden, Belgium

(Adds more quotes, background)

By Victoria Klesty

GOTHENBURG, Sweden, March 28 (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, agreed on Sunday to buy Ford Motor’s (F.N) Volvo car unit for $1.8 billion, the country’s biggest overseas auto purchase.

The takeover underscores China’s arrival as a major force in the global auto industry and ends nearly two years of talks with Geely over Volvo — the last sale from Ford’s former premier group, which also held Aston Martin, Jaguar and Land Rover.

“Today represents a milestone in the history of Geely,” Geely chairman Li Shufu told a news conference, adding that Volvo Cars would remain a separate company with its own management team based in Sweden.

Such a deal would have been nearly unimaginable a few years ago for the Chinese carmaker, which on 2009 forecasts has a turnover of only 16 percent of Volvo’s, and has just over half the workforce.

The deal highlights in particular the big opportunities that have emerged from the financial crisis for smaller players. Tiny Dutch sports car maker Spyker (SPYKR.AS) clinched a deal in January to buy Sweden’s Saab from General Motors Co [GM.UL]. [ID:nLDE60P2JX]

Geely said it had secured all the necessary financing to complete the deal, though it remained open to a possible loan from the European Investment Bank.

Addressing questions regarding Geely’s plans to keep production lines running in Europe, Li said it was important Volvo stayed close to key supply centres.

“I have a deep belief that the manufacturing footprint in Gothenburg and Belgium will be preserved in the longer term,” he said.

Volvo labour unions, which had been critical of the proposed deal and complained about a lack of information about the future of the company, said they now backed the takeover.

A “FAIR PRICE”

The deal, which both sides aim to close in the third quarter, will help free up cash for the number two U.S. automaker and enable it to focus on its core Ford brand.

Geely, parent of Geely Automobile Holdings (0175.HK), was named by Ford as the preferred bidder for its loss-making Swedish unit in October 2009.

The Chinese carmaker clinched Volvo at a price tag well below the $6.5 billion Ford paid for it in 1999.

“We think it’s a fair price for a good business,” Ford Motor’s Chief Financial Officer Lewis Booth told the news conference.

China raced past the U.S. to become the world’s top auto market last year, with sales surging 46 percent to a record 13.6 million units. It is keen to move into Western markets but has so far lacked the technology and brand recognition to do so.

The Volvo deal should help the Chinese carmaker to get around some of those obstacles more quickly.

BEIJING BOOST

Geely’s chairman is already planning a factory in Beijing which will make 300,000 Volvo branded cars, or as many Volvos for China as are now made abroad for foreigners. [ID:nTOE60P02U]

Unlike General Motors’ [GM.UL] failed deal to sell its gas-guzzling Hummer brand to Tengzhong, a little known Chinese machinery maker, Geely’s Volvo purchase has been backed by Beijing.

Made-in-China Volvo may get a boost from Beijing’s plan to support domestic brands and replace Volkswagen AG’s (VOWG.DE) Audi A6 as Chinese state officials’ car of choice.

“We want to stabilise and enhance the traditional markets in Europe and North America, and at the same time develop the other Volvo business in emerging markets, including China,” Li said.

The carmaker has already announced an aggressive target of boosting its sales to 2 million vehicles by 2015 from last year’s roughly 330,000 units — about the same as Volvo’s global output. [ID:nLDE60P02F]

For a factbox on how Geely and Volvo compare double click on [ID:nTOE62P094]

For a timeline on deals between Western carmakers and Chinese companies double click on [ID:nTOE62P08U]

For a Newsmaker on Geely founder Li Shufu double click on [ID:nTOE62P089] (Additional reporting and writing by Mia Shanley and Niklas Pollard in Stockholm, editing by Will Waterman)

Geely signs deal to acquire Ford’s Volvo car unit

STOCKHOLM, March 28 (Reuters) – Zhejiang Geely Holding Group, China’s largest private-run car maker, has agreed to acquire Ford Motor’s (F.N) Volvo car unit, a Volvo spokesman said on Sunday.

Stocks | Mergers & Acquisitions | Cyclical Consumer Goods

The deal, which both sides aim to close in the coming months, will free up cash for the number two U.S. automaker and enable it to focus on its core Ford brand.

Geely, parent of Geely Automobile Holdings (0175.HK), was named by Ford as the preferred bidder for its Swedish unit in October 2009.

The Volvo takeover marks China’s biggest acquisition of foreign auto assets and the final member to be sold of Ford’s former premier auto group, which had also included Aston Martin, Jaguar and Land Rover.

Drugs, money-laundering ring with ‘links’ to Premier League busted

London, Mar 23 (ANI): British and French police have busted a huge drug and money-laundering operation run by British gangsters which might have links to Premier League football transfers.

The police officers raided a number of upmarket homes in two isolated villages of France’s Dordogne region.

There they found drugs and thousands of pounds worth of used notes, along with luxury cars including Aston Martin DB9s and Mercedes SLKs.

There have been at least four arrests in connection with the enquiry, all of British nationals who claimed to have moved to France ‘for the good life’; The Sun quoted an investigating officer, as saying.

One claims he was regularly receiving cash payments for his work with UK-based football agents.

The enquiry began in May 2009 when one man was arrested in a car travelling from Narbonne, on the south coast, to the city of Toulouse.

Police found half-a-million pounds worth of used notes in a hidden compartment in the boot of his Mercedes, along with traces of cocaine.

The cocaine is thought to have been delivered from Spain, after arriving in boats from Africa, but there is also an allegation that some of the cash was linked to agents or other parties involved in the lucrative and notoriously unregulated trade in footballers, the paper reports.

The investigating officer added: “He told us that all the money came from professional footballer transfers in England. Those arrested say they had links with big names in the world of Premiership football.”

The investigation is being coordinated by Britain”s Serious Organised Crime Agency (Soca) and the Toulouse judicial police, the paper reports. (ANI)

Bingle, Clarke to meet in court over ‘stolen’ Aston Martin

Melbourne, March 16 (ANI): Michael Clarke and his ex, Lara Bingle, have both been called to testify at a Children”s Court hearing over the alleged theft of the model’s 200,000-dollar Aston Martin, according to reports.

A 14-year-old boy had allegedly stolen the car from the car park of the Bondi apartment shared by Bingle and Clarke, reports The Age.

The Aston Martin was later recovered on Iluka Street, South Coogee, on New Year”s Eve.

The boy, who cannot be identified, appeared at Bidura Children”s Court earlier this month where a list of witnesses was confirmed for hearing.

Court papers list both Bingle and Clarke as being required for cross-examination, according to a News Ltd report. (ANI)

Lara Bingle”s Aston Martin up for sale

Melbourne, March 15 (ANI): Lara Bingle is offloading the Aston Martin that Michael Clarke gave her as a gift.

The indulgent Aston Martin V8 Vantage car is up for sale, with a price tag of more than 200,000 dollars.

The vehicle has been put up for sale for 219,000 dollars at a dealership at Petersham in Sydney”s inner west.

A salesman at the dealership said the car is being sold on consignment, but the ownership is in Clarke”s name.

“It”s Lara Bingle”s car . . . it”s an impressive thing,” the Courier Mail quoted the salesman as saying. (ANI)

Australian pays four million dollars to drive Aston Martin One-77

Melbourne, May 4 (ANI): One Australian buyer has already put down 200,000 dollar deposit and will take delivery of the four million dollar Aston Martin One-77 in Italy.

According to The Australian, the One-77 will be built in a limited edition of just 77 and Aston is still looking for some mega-rich buyers.

The buyer in question says he will pay the balance amount of about 3.8 million dollars once all the relevant taxes have been applied.

The hand-built car, priced at Lira 1.05 million (2.03 million dollars), is more expensive than the Bugatti Veyron or Ferrari Enzo.

Before delivery, the Aussie buyer will be flown to Britain for a test drive and initial fitting at the Aston Martin headquarters at Gaydon in the English Midlands.

Aston Martin’s sales manager for Australia Marcel Fabris said no one outside the company had driven the car yet and many of its vital statistics are still secret. (ANI)

Danish electronics maker Bang and Olufsen posts loss

Copenhagen – Share prices for Danish audio and multimedia products maker Bang and Olufsen dipped Tuesday after the group announced a lower profit outlook in its nine-month report for 2008/2009. Known for its sleek design of audio and other equipment, the group has been struggling recently but in the third quarter signed deals to deliver sound systems to car makers Audi and Aston Martin.

The share price dropped over 8 per cent but recovered some ground and was down some 1.5 per cent at noon on the Copenhagen bourse.

The group posted a pre-tax loss of 414 million kroner (73 million dollars) for the period June 2008 to February 2009, compared to a pre-tax profit of 190 million kroner year-on-year.

The loss included restructuring costs of 105 million kroner, the group said, adding that turnover was 2.17 billion kroner, down some 1 billion kroner year-on-year.

For the full financial year, the group expected a pre-tax loss of 510 million kroner, and turnover of some 2. billion kroner.

In its outlook for financial year 2009/2010, the group estimated a break-even result before tax while new products – including a new series of television sets – were expected to help lift turnover to some 3.2 billion kroner. (dpa)

Uncertain future for super cars as financial crisis bites

Maranello, Italy – Manufacturers of super sports cars have just announced a host of new models as many now face an uncertain future as the global financial crisis hits a customer segment previously immune to economic downturns.

Tuning firms and the makers of premium luxury and super sports cars could in the past always rely on an extremely wealthy clientele eager to fork out several hundred thousand dollars for a new V12 with up to 700 horsepower.

But several market analysts believe many of the models seen in teaser images or in concept studies at the recent car shows may never be built and will be confined to the pages of glossy brochures.

“Super sports cars will not play a role for at least the next two years,” says German car analyst Professor Ferdinand Dudenhoeffer from the University of Duisburg-Essen. “In the past, the super rich always had enough money to fulfil their motoring dreams. But this crisis reveals that luxury this time has not been left immune with many a super rich banker having been hard hit.”

At present, the sports car makers are still wallowing in past successes. The Ferrari subsidiary in Germany for instance reports that it “broke all sales records for the year 2008.” But Ferrari President Luca di Montezemolo sounded less optimistic recently saying, “the economic recession is hitting the whole world and it is difficult to look into the future.”

Daimler’s super sports car subsidiary AMG, which also reported record sales in 2008, is also hesitant about making projections with spokesman Pietro Zollino saying it is still too early.

But why do car makers still present their super cars at the big motor shows? Dudenhoeffer has a simple explanation: “In some cases, the cars are so far in the production process that it makes no sense to hold back. But where this is still possible it will be done.” So many ideas for a new car could be shelved.

But those with enough dosh can still order the Aston Martin V12 Vantage with a power package of 380 kW/517 hp and take delivery later this year. But the super Aston Martin One-77, which produces 515 kW/700 hp, is limited to a production run of 77 units with a price tag of about 1.4 million euros (1.9 million dollars).

The Bentley Continental Sports, which Bentley hails as the most powerful and fastest ever built, comes with an output of 449 kW/610 hp. But it is FlexFuel compatible and can run on both petrol and ethanol bio fuel. Lamborghini also emphasized that following the recent makeover of the Gallardo, it now emits 18 per cent less carbon dioxide than its predecessor although it still comes with a performance of 412 kW/560 hp.

AMG is going ahead with its modern interpretation of the 1950s gull wing in the shape of the new SLS that will be unveiled at the Frankfurt Motor Show this year.

“It is a really super sports car on a completely new platform,” says spokesman Zollino.

It stand a good chance of going into production because AMG is linked to a big car company. The situation is far more critical for niche producers, according to Dudenhoeffer. It is doubtful whether Italian producer Pagani in Modena will proceed with the production of the Zonda R with a V12 engine and an output of 602 kW/750 hp. The price was set at 1.46 million euros (1.97 million dollars).

It is also uncertain whether the Formula 1 racing team McLaren will ever go ahead in 2010 with the super sports road car currently designated as the P11. (dpa)

Ponzi fraudster Madoff used London office as piggy bank: UK investigators

London, Mar 28 (ANI): Disgraced US financier Bernard Madoff used the London arm of his corrupt investment business as his personal “piggy bank”, British fraud investigators have claimed.

The Serious Fraud Office (SFO) described Madoff Securities International, based in Mayfair, Central London as “a cog in the global washing machine”, through which the jailed fraudster had laundered billions of pounds.

The Times reported that one billion pounds last year passed from Madoff’s business in New York through one of his London firm’s accounts and then back across the Atlantic.

His other London accounts were used to pay for the construction of a five million pounds luxurious yacht, the Bull, which is at anchor near Antibes in the South of France.

Glyn Powell, of the Serious Fraud Office, who is the head of British arm of the inquiry, said it appeared that the firm had “role played a significant in the operation of Bernard Madoff’s investment fraud.”

The SFO will decide later this year whether there are grounds to bring criminal charges against some of Madoff’s British associates.

The paper further informed that Madoff’s brother Peter, director of a London firm, acquired an Aston Martin DB6 and, shortly before the business collapsed. The purchases were accounted for as loans and directors’ remuneration.

The SFO and the FBI in New York are each investigating who else might have known about Madoff’s illegal activities, which stretch back to early 1990′s.

The Wall Street swindler Madoff claims that he acted alone and his wife has not bee charged with any wrongdoing.

The 65 billion dollar scam by Madoff is the largest in the Wall Street’s history, hitting 4,800 clients, including charities and Hollywood celebrities. (ANI)

Olga Kurylenko reveals what it takes to be a Bond girl

London, Mar 20 (ANI): Ukrainian actress Olga Kurylenko has revealed what it takes to become a Bond girl.

Kurylenko, 29, was one of the Bond girls in the 22nd James Bond movie ‘Quantum Of Solace’.

She has revealed that preparing for her role was not an easy task, as it involved a lot of courage and stamina.

“To be a Bond girl you need courage, charm, determination and feistiness,” the Mirror quoted her as saying.

“Outside of work, I’ve done nothing daring, though. I don’t even go on rollercoasters. In character, you have to work through the fear and the nausea,” she said.

The actress went on to talk about the simulated skydive training she went through, where she and co-star Daniel Craig had to freefall out of a disintegrating plane.

“It made me hurt in places I didn’t even know I had muscles,” she recalled of the tunnel training.

“But then I was doing it three times a week. By the end I was flying on my back and could do flips,” she said.

On sleeping with 007, Kurylenko said that it was good she did not have to sleep with him, or that she had to die either.

“I’m a different Bond girl for two reasons. I don’t die, and I don’t sleep with James. It is cool,” she stated.

As to sitting behind the wheel of an Aston Martin V8 Vantage, the actress said that it was all a matter of taking a deep breath.

“It’s about taking a deep breath and just getting going,” she said.

She also remembers performing big stunts, and her euphoria at doing them.

“I’d never do it in my own life, so I just think, ‘Hey, this is your chance, do it now’,” she said.

“Every night Daniel Craig was in the gym and I was amazed by his hard work. So I thought, ‘OK, I’m going to do more. I’m just going kill myself in the gym’. By the end of the film I was ripped,” she recalled.

Even though she has had to work hard for her role, Kurylenko is looking forward to doing the 23rd Bond film.

“It won’t be for me to decide, but I’d go for it because last year was so much fun. Why would I refuse the fun again?” she added. (ANI)

Niche super car makers steal the limelight in Geneva

Niche super car makers steal the limelight in Geneva Geneva – Niche car producers stole the limelight at the Geneva Motor Show with such high-end sports car makers as Maserati, Lamborghini and Aston Martin apparently unaffected by the global financial crisis.

“There is a small section of customers who neither look at money nor carbon dioxide emissions,” says market analyst Nick Margetts of Jato Dynamics.

If sales show a downward trend, these manufacturers use another trick.

“They reduce the production run. If a sports car becomes a collectors’ item, it makes it so much easier to sell,” Margetts says.

The Audi subsidiary, Lamborghini, has limited the Murcielago Super Veloce to 350 units. The aggressively-styled sports car is 100 kilogrammes lighter and comes with a power package of 493 kW/670 hp and a top speed of 342 km/h. The price tag starts at 357,000 euros (453,800 dollars).

South African sports car maker Perana, in cooperation with the Milan design studio Zagato, unveiled the P-One, a two-seater V8 coupe. Production is limited to 999 units. Priced at less than 50,000 euros (63,500 dollars), it is cheaper than many medium-sized sedans.

The exclusive Aston Martin One-77, limited to 77 units with each vehicle selling for 1.4 million euros (1.77 million dollars) will probably be available in about a year. But marketing boss, Ulrich Bez, has disclosed some details. The V12 engine produces more than 700 hp and accelerates from zero to 100 km/h in 3.5 seconds. The top speed is over 320 km/h.

Despite its price tag of 892,000 euros (1.133 million dollars) the Mercedes SLR 722 Stirling Moss, produced by Formula 1 partner McLaren, has virtually been sold out. First unveiled at the Detroit Motor Show three months ago, production is limited to 75 units. The power package has an output of 478 kW/650 hp.

Ferrari has also joined the limited edition club, revealing in Geneva the F599xx racing version. The V12 engine has been boosted by 59 kW/80 hp to 515 kW/700 hp featuring an array of lightweight materials and race car chassis. The Italians have not announced the price, but a company spokesman said in Geneva that production would probably be limited to between 20 and 40 cars.

Based on the Bugatti Veyron, the German luxury maker Kourosh Monsory unveiled in Geneva from the Vincero featuring fine leather materials and an explosive 815 kW/1109 hp power unit. All can be had for 700,000 euros (888,000 dollars), but Monsory expects to produce a maximum of three vehicles.

The even more exclusive Bugatti “Blue Centenaire” marks the 100th birthday of the marque which now belongs to the Volkswagen concern. Featuring unique blue colour combinations, the Veyron is on sale for 1.35 million euros (1.71 million dollars), but will be highly sought after as a single edition. (dpa)

Aston Martin DBS Volante convertibile in Geneva

Geneva – British sports car manufacturer Aston Martin unveiled the DBS Volante convertible, based on the DBS Coupe that celebrated its market debut in 2008 with a 517 hp power package, in Geneva.

The open-top version has a folding cloth top that opens and closes in just 14 seconds and can be operated at a speed of up to 48 kilometres an hour.

Pirelli tyres were specially manufactured for the 20-inch light alloys of the Volante. The exclusive Bang & Olufsen sound system was also adapted for the sports car and the sound adjusts automatically when the roof is down to reduce wind noise.

The Dynamic Stability Control (DSC) is fitted with a “Track Mode” for race track feel while the “Comfort Mode” is suitable for city cruising.

Aston Martin has not announced a price for the DBS Volante but is scheduling first deliveries in the third quarter of this year, marking the 95th anniversary of the manufacturer. (dpa)