Monday, March 12, 2007

Ford Selling Aston Martin

"Ford to Sell Aston Martin in $925 Million Deal" reads the headline - and you can see that it's true. Quite a development in the auto industry ... but it may be predicted, with all the financial problems that Ford is having.

"Ford Motor Co. is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth 479 million pounds ($925 million).

"The second-biggest U.S. carmaker said on Monday it would retain a 40 million pound investment in Aston Martin, the carmaker James Bond spy films made famous, and that it expected the deal to close in the second quarter of this year."

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