Aston Martin is finally free!
03-12-2007, 08:57 AM
#1
throwbAcura
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Aston Martin is finally free!
Ford sells Aston Martin to Dave Richards and others:
http://icbirmingham.icnetwork.co.uk/...name_page.html
They're still keeping some stake in Aston, so don't go rushing to the dealers just yet. Be patient. They'll let go of that chunk when tougher times come. 
http://icbirmingham.icnetwork.co.uk/...name_page.html
Ford today valued the deal at around £480 million and said that it would retain a £40 million investment in Aston Martin.
Ford’s president and chief executive Alan Mulally said: "The sale of Aston Martin supports the key objectives of the company - to restructure, to operate profitably at lower volumes and changed model mix and to speed the development of new products.
"From Aston Martin’s point of view, the sale will provide access to additional capital, which will allow Aston Martin to continue the growth it has experienced under Ford’s stewardship.
"Today’s announcement is good for Ford Motor Company, good for Aston Martin and good for the UK. We wish Aston Martin every possible success for the future."
Ford’s president and chief executive Alan Mulally said: "The sale of Aston Martin supports the key objectives of the company - to restructure, to operate profitably at lower volumes and changed model mix and to speed the development of new products.
"From Aston Martin’s point of view, the sale will provide access to additional capital, which will allow Aston Martin to continue the growth it has experienced under Ford’s stewardship.
"Today’s announcement is good for Ford Motor Company, good for Aston Martin and good for the UK. We wish Aston Martin every possible success for the future."
03-12-2007, 09:07 AM
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Yup, jolly poopbuggy
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Re: Aston Martin is finally free!
03-12-2007, 09:13 AM
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throwbAcura
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Re: Aston Martin is finally free!
I'm sure it is. They helped Aston become profitable again but they just can't hold on to them anymore. Now with these enthusiastic Brits at the wheel Aston's profits could go through the roof pretty quickly. If I was Ford I'd want a piece of that action, too.
03-12-2007, 09:13 AM
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He's like the wind
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Re: Aston Martin is finally free!
You missed this one:
http://www.msnbc.msn.com/id/17518445/
Just goes to show Ford really is out to kill people.
http://www.msnbc.msn.com/id/17518445/
Just goes to show Ford really is out to kill people.
