I'm Looking ForFrom Our PartnersRelated To Story  FROM THE WATERCOOLER |
Ford To Sell Control Of Aston Martin
POSTED: 8:31 am PDT March 12,
2007
UPDATED: 8:38 am PDT March 12,
2007
DETROIT -- Ford is handing over the wheel to its Aston Martin brand, best known for appearances in James Bond films. The decision to sell a controlling stake will provide Ford with $848 million to help fund its turnaround plan.Aston Martin will be run by a consortium of investors, including racing mogul David Richards and Kuwait-based firms.Ford officials announced the sale at Aston Martin's headquarters in Gaydon, England. The sale is expected to close in the second quarter, and Ford will retain a $77 million stake in the sports car maker.
Actor Daniel Craig drove an Aston Martin in "Casino Royale." The first 007, Sean Connery, drove one in "Goldfinger."The brand also appeared in a number of other Bond films, including "Thunderball," "The Living Daylights," "Goldeneye" and "Die Another Day."
|
|
Distributed by Internet Broadcasting Systems, Inc. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
