Ford slaps 'for sale' sticker on Aston Martin

0 Comments | AFP, August, 2006

DEARBORN, United States (AFP) — Troubled US auto giant Ford Motor Co. said it was looking to sell Aston Martin, the prestigious British sports carmaker immortalized by fictional superspy James Bond. The loss-making Detroit company said it wanted to free up resources for its other auto badges, and said that prospective buyers had already come forward for the legendary British marque.

Chairman and chief executive Bill Ford said that Aston Martin had "flourished" since it became part of the US group in 1986, "which is why we believe it is prudent to consider a sale of all or part of this prized brand". Ford has not yet decided on the future of Aston Martin's stablemates in the company's Premier Automotive Group (PAG), including luxury carmaker Jaguar, Bill Ford added in a...

Premium Content Partnership | MyWire provides an in-depth online archive library of reference works. MyWire
 

BNET TalkbackShare your ideas and expertise on this topic

Please add your comment:

  1. You are currently: a Guest |
  2.  

Basic HTML tags that work in comments are: bold (<b></b>), italic (<i></i>), underline (<u></u>), and hyperlink (<a href></a)