Jump to content

Recommended Posts

Posted

I am counting my pennies- and it is ALOT CHEAPER than buying CHRYSLER!!

LONDON (Reuters) - Ford Motor Co (NYSE:F - news). could announce the sale of its Aston Martin luxury performance cars unit for more than 450 million pounds ($865 million) as early as this week, a source familiar with the matter said on Monday. Formula One team Prodrive, working with Egypt's Naeem (NAHO.CA) investment bank, is frontrunner to buy the business although other bidders such as UK buyout firm Doughty Hanson are still in the process should talks fall through, the source said.

The timing of the deal could also yet slip, the source added.

Doughty Hanson and Syrian-born property tycoon Simon Halabi also submitted second-round offers for Aston Martin in an auction being run by investment bank UBS AG (UBSN.VX), sources familiar with the matter said last month.

Ford said last year it would sell all or part of Aston Martin to raise funds for other businesses.

Aston Martin is on solid financial footing, a top Ford official said in January, adding that sales of the British car made famous by the James Bond spy movies increased by around half last year to about 6,500 units.

Ford declined to comment.

Posted

Some of the Girling brake parts on my Desoto and Plymouth UTEs are also used on the same vintage Austin martins. makes parts available but expensive!

So I guess that makes me a litte like 007 when I drive my UTEs?

NOT!

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...

Important Information

We have placed cookies on your device to help make this website better. You can adjust your cookie settings, otherwise we'll assume you're okay to continue.

Terms of Use