Mar 12 2007
Ford Sells Astin Martin
Ford just sold Astin Martin to a consortium led by David Richards (founder of ProDrive), Aston Martin collector John Sinders, and two investment companies: Investment Dar and Adeem Investment Co.
They sold Astin Martin for $925 million, and Ford will retain a $77 million stake in the car maker, meaning Ford will actually get $848 million from the sale.
Ford seemed happy about the deal in their press release, saying that Astin Martin is better off with a company that can put more capital into it.
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