Aston Martin Sale not save Ford from crisis

June 16, 2006 – 9:55 am

The American Ford Motor Company sold a group of investors controlling stake in Aston Martin automobile brand for 848 million dollars.
The buyer became
David Richards, a former businessman and avtogonschik, which owns the company Prodrive, John Sinders-collectors and enthusiasts Aston Martin automobile sports, as well as two Kuwaiti Investment Fund and the Investment Dar Adeem Investment.

owner of a controlling stake David Richards said that Aston Martin is one of the most religious brands.

“We are confident that have the wherewithal to raise it to even greater heights,” he said.

funds generated from the sale will go to further reform loss-making company Ford . A few days ago, the American company announced its record loss for 2006, amounting to $ 12.7 billion.

experts believe that the sale of Aston Martin not save Ford, which is the solution of the crisis requires billions of dollars.

Aston Martin is the Premier Automotive Group (PAG Ford), along with Jaguar, Land Rover, Lincoln and Volvo.

Reminder, the Aston Martin DB5-favorite James Bond car.

See photo



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