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Author Aston Martin sold to UK-led group
Fonz
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Registered: 12th May 06
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12th Mar 07 at 20:01   View Garage View User's Profile U2U Member Reply With Quote
BBC NEWS

its coming home!
Joe
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12th Mar 07 at 20:03   View User's Profile U2U Member Reply With Quote
Seen this on Piston heads earlier, will have to see what happens. Aston have been on a roll lately.

[Edited on 12-03-2007 by joe6886]
CorsAsh
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12th Mar 07 at 20:26   View User's Profile U2U Member Reply With Quote
Great news... v. exciting.
Marc
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12th Mar 07 at 21:02   View User's Profile U2U Member Reply With Quote
Should be a few Astons with Prodrive Performance Pack soon then
Robin
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12th Mar 07 at 21:05   View Garage View User's Profile U2U Member Reply With Quote
Seems odd Ford selling now it's making money
Joe
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12th Mar 07 at 21:29   View User's Profile U2U Member Reply With Quote
They are concentrating on Jaguar I believe.
Robin
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12th Mar 07 at 21:30   View Garage View User's Profile U2U Member Reply With Quote
Jaguar sucks anus though
MarkW
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12th Mar 07 at 21:31   View User's Profile U2U Member Reply With Quote
quote:
Originally posted by Robin
Seems odd Ford selling now it's making money


ford have mega losses, and need some cash - better to sell it now it's make money, than for very little when it was making a loss...
ali-corsa
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12th Mar 07 at 21:37   View User's Profile U2U Member Reply With Quote
yea MarkW, is rite,in 2005 they only made about $73m profit compared to $469m. they had to mortgage there assets such as aston martin when they owned it, just to raise finance, there where plants closing in america and other european citys to help solve the cash flow problem.

[Edited on 12-03-2007 by ali-corsa]
Robin
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12th Mar 07 at 21:47   View Garage View User's Profile U2U Member Reply With Quote
I know that, but as they've started making money through AM, IMO, it is odd to sell now, after throwing all that money at it.
ed
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12th Mar 07 at 23:40   View User's Profile U2U Member Reply With Quote
How long til it gets run into the ground and goes bust?
SVM 286
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13th Mar 07 at 00:57   View User's Profile U2U Member Reply With Quote
Should be fine, the Phoenix Four aren't involved, and there doesn't appear to be any Russians on the agenda either Ed.

[Edited on 13-03-2007 by SVM 286]
SVM 286
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13th Mar 07 at 00:58   View User's Profile U2U Member Reply With Quote
It makes sence for Ford to sell off as they cannot afford to invest, so Aston would suffer in the long term if they hung on.

It's also a way of recouping some loss and simplifying their portfolio I suppose.
SVM 286
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13th Mar 07 at 01:07   View User's Profile U2U Member Reply With Quote
Ford's success would probably have been maintained if they built cars like some of the examples they did between 1968 (and even earlier) and 1996, rather than -

Mundanos

Fecarses

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and FWD Transits

 
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