Tuesday, January 30, 2007

Aston: yours for £500 million

If you fancy owning Aston Martin, you'd better get your hand down the back of the sofa pronto to find £500 million.

astonThat's the asking price Ford wants - or more accurately desperately needs - for its flagship sporting brand.

The sell-off of Aston will help bolster ailing Ford, which lost more than £6.4 billion in 2006.

If you're tempted, you'd better hurry - investment bank UBS has decided today is the deadline for offers.

UBS is managing the sell-off, and in pole position to win the sale at the moment is James Packer, who just happens to Australia's richest man.

The lucky winner of the Aston auction will be announced later in the week.

© Source: article on topgear

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