Does Ford still have a stake in Aston Martin?
No, Ford no longer has a stake in Aston Martin. The American automaker sold its remaining shares in the British luxury sports car brand in 2020, ending a long-standing relationship between the two companies.
Ford's History with Aston Martin
Ford first acquired a stake in Aston Martin in 1987, when the company was struggling financially. Over the years, Ford gradually increased its ownership, eventually holding a controlling 75% stake in the brand by 2007. During this time, Ford provided Aston Martin with engineering and financial support, helping the company develop new models and stay afloat.
Ford's Divestment from Aston Martin
In 2007, Ford sold a majority stake in Aston Martin to a consortium of investors, retaining a 12.1% ownership. Over the next decade, Ford continued to gradually reduce its stake in the company. In 2020, Ford sold its remaining shares, completely divesting from Aston Martin.
Reasons for Ford's Divestment
- Focus on core Ford brand: Ford wanted to focus its resources and investments on its own brand and product lineup, rather than maintaining a stake in a smaller, niche luxury brand like Aston Martin.
- Aston Martin's financial struggles: Aston Martin faced ongoing financial challenges, including declining sales and profitability, which made it a less attractive investment for Ford.
- Shift in Aston Martin's ownership: With new majority owners, Aston Martin was able to pursue its own strategic direction, reducing the need for Ford's involvement.
Since Ford's divestment, Aston Martin has continued to operate as an independent luxury automaker, with a new ownership structure and management team. The company has faced its own challenges, but remains a prominent player in the high-end sports car market.
What companies does Ford still own?
Ford Motor Company: Ford, Lincoln, Troller. General Motors: Cadillac, GMC, Chevrolet, Holden.
Why did Ferrari refuse Ford?
The negotiations began in the spring of 1963, with Ford prepared to pay millions for Ferrari and its assets. However, the deal fell through when Enzo Ferrari, the strong-willed owner of the Italian carmaker, was offended by a clause that would allow Ford to control the budget and decisions over Ferrari's racing team.
Who is the largest shareholder of Ferrari?
Shareholders' structure
| Shareholder(4) - As of February 9, 2024 | % of outstanding special voting shares | % of voting rights |
|---|---|---|
| Exor N.V.(2)(5) | 70.16% | 36.48% |
| Trust Piero Ferrari(2)(5) | 29.83% | 15.51% |
| Public shareholders | 0.01% | 48.01% |
| Total outstanding special voting shares | 100.0% | 100.0% |
Why did Porsche leave Red Bull?
So, while the change in engine design opened the door for Porsche, ultimately the deal collapsed over matters of control. Porsche was seeking to purchase 50% of Red Bull Advanced Technologies (the arm of the operation that houses the race team) and back the Powertrains division in a 10-year deal.
Why did Ford get rid of Aston Martin?
Ford sold Aston Martin primarily due to a strategic shift in its business focus and the need to improve its financial performance. Here are the key reasons behind the decision: Financial Struggles: In the early 2000s, Ford faced significant financial challenges, including losses in its core automotive business.
Who is the current owner of Aston Martin?
Lawrence Stroll
Lawrence Sheldon Strulović (name later anglicized to Strulovitch) (born 11 July 1959), known as Lawrence Stroll, is a Canadian businessman, part-owner and executive chairman of Aston Martin, and the owner of the Aston Martin F1 Team. According to Forbes, he has a net worth of US$3.9 billion, as of March 2024.
Who is the majority shareholder of Aston Martin?
Lawrence Stroll owns the most shares of Aston Martin Lagonda Global Holdings plc (GB:AML).
Does Ford still own part of Aston Martin?
So, who is the owner of Aston Martin? While Ford was the owner for around two decades, the brand is currently owned by Canadian investor Lawrence Stroll. Get to know the history behind the Aston Martin legacy, and stop by Aston Martin Palm Beach to see these legendary vehicles up close and in person!
Who left Red Bull for Aston Martin?
Adrian Newey
Aston Martin's incoming managing technical partner Adrian Newey has delved into the reasons why he left Red Bull and took up a new challenge in Formula 1.
Who makes Aston Martin now?
Founded in 1913 by Lionel Martin and Robert Bramford, the Aston Martin Lagonda Global Holdings PLC has been producing Aston Martin models for 104 years. That said, Ford became the primary stakeholder in Aston Martin in 1987. In 2020, however, Mercedes-Benz became the primary shareholder, increasing their stake to 20%.
