Monday, March 12, 2007

Aston's up for auction

The hugely profitable sports car firm is being sold off by Ford to raise some extra money for the beleaguered automotive leviathan, which is expected to sell for more than £500 million.

aston martinThe announcement will be made at 13.00 hours GMT today, that's 1pm to you and me, at Aston's Gaydon headquarters.

Among the known bidders looking to take on Aston Martin is David Richards, who owns rally firm Prodrive. Richards has been involved with Aston before, helping to develop rally and road versions of the V8 Vantage.

If the sale goes ahead today with Richards at the helm, it's expected the current Aston boss Ulrich Bez will be asked to stay on, even though Bez is also bidding for the chance to own the company.

© Source: article on topgear
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