Thursday, March 08, 2007

Ford closes in on Aston Martin sale

Ford is reportedly close to selling Aston Martin after identifying the consortium headed by motor racing company Pro Drive as its preferred bidder. Ford values the luxury marque at up to £500m and it is understood the British-based consortium is close to matching the US carmaker’s valuation. Pro Drive is set to become Formula 1’s 12th racing team next season and already runs Aston Martin’s sports car racing programme, which may have swayed Ford’s decision.

DATED: 08.03.07

FEED: MT





<< Home

This page is powered by Blogger. Isn't yours?