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Ford today officially announced the sale of Aston Martin to an investment group lead by Prodrive founder and chairman David Richards. The deal — expected to close during the second quarter — is valued at $925 million, the company said. Ford plans to retain a small $77 million stake in Aston.
The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait.
CEO Dr Ulrich Bez will remain in charge of Aston Martin.
Rumors that Aston Martin would be been sold to luxury goods maker Louis Vuitton (LVMH) surfaced earlier this year, and were promptly shot down as "absolute rubbish."
Source: Leftlane News
Ford today officially announced the sale of Aston Martin to an investment group lead by Prodrive founder and chairman David Richards. The deal — expected to close during the second quarter — is valued at $925 million, the company said. Ford plans to retain a small $77 million stake in Aston.
The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait.
CEO Dr Ulrich Bez will remain in charge of Aston Martin.
Rumors that Aston Martin would be been sold to luxury goods maker Louis Vuitton (LVMH) surfaced earlier this year, and were promptly shot down as "absolute rubbish."
Source: Leftlane News
