Aston Martin closer to sale
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Edmunds' Inside Line is reporting that Ford plans to unload Aston Martin by year's-end, with the possibility of retaining a minority, ten percent stake in the British sports car manufacturer.
According to an article cited by IL, Aston's CEO Ulrich Bez has already secured the approximately $1 billion required to purchase the automaker from Ford. Although other buyers are currently being looked at, it's been long-rumored that Bez sought to purchase the company, with the help of other investors.
It has been speculated that Jac Nasser, ex-CEO of Ford, will have a hand in the sale, although it is unclear whether he is working with Bez or another possible buyer.
Whatever the outcome and whoever the new owners are, we just hope that Aston Martin doesn't repeat history and fall by the wayside as it has done in the past.
[Sources: Frankfurter Allgemeine Zeitung via Edmunds's Inside Line]
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