Ford could get $880 million for Aston Martin

Lous Vuitton denied rumors of it buying Ford, but now Reuters is reporting that Ford could get more than £450 million ($880 million) for the Aston Martin luxury brand. Bidders including private equity firm Doughty Hanson and Simon Halabi submitted second-round offers for Aston Martin in an auction being run by investment bank UBS AG. Bidding is expected to reach up to at least $1 billion.

Buy selling Aston Martin, Ford is looking to gain much needed funds for other businesses.
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Greenlight - 2/7/2007 1:22:23 PM

+1 Boost

Maybe... just maybe.. they'll be able to claim a profit for the quarter.

S4cabriofoxone - 2/7/2007 7:50:53 PM

+1 Boost

No, they lose several billion dollars each quarter.