How much did Ford sell Aston Martin for?
In a major corporate transaction, Ford Motor Company has sold its luxury automotive brand Aston Martin to a consortium of investors for $850 million. This move marks the end of Ford's ownership of the iconic British sports car manufacturer, which it had acquired in 1987.
The Aston Martin Sale
The sale of Aston Martin was part of Ford's broader strategy to focus on its core automotive brands and streamline its operations. Ford had owned a majority stake in Aston Martin since the late 1980s, but the luxury brand had struggled to achieve consistent profitability within Ford's portfolio.
The $850 million deal saw Aston Martin acquired by a group of investors led by Investindustrial, a European private equity firm, as well as other investors including Kuwaiti and Italian shareholders. This transaction values Aston Martin at approximately $1.1 billion, a significant discount from the brand's peak valuation during Ford's ownership.
Implications for Aston Martin
The sale of Aston Martin to the new investor consortium is expected to provide the luxury automaker with the necessary resources and independence to pursue its long-term growth and product development plans. Under the new ownership, Aston Martin aims to expand its model lineup, invest in new technologies, and strengthen its global sales and marketing efforts.
For Ford, the divestment of Aston Martin allows the company to focus on its core Ford and Lincoln brands, as well as its ongoing electrification and autonomous driving initiatives. The sale also provides Ford with additional capital to reinvest in its operations and future product development.
Conclusion
The $850 million sale of Aston Martin by Ford marks a significant milestone in the automotive industry. This transaction reflects the ongoing evolution of the global automotive landscape, as major players like Ford streamline their portfolios to concentrate on their most strategic and profitable brands. The new ownership structure is expected to provide Aston Martin with the resources and independence it needs to thrive in the luxury sports car market.
How many car brands does Ford own?
Ford Motor Company: Ford, Lincoln, Troller. General Motors: Cadillac, GMC, Chevrolet, Holden.
Why do Aston Martins look like Fords?
As many Palm Beach Gardens car enthusiasts know, Aston Martin was owned by Ford for 20 years. In fact, some noticed that the Ford Fusion once shared a similar grille to the signature Aston Martin design!
Who is the largest shareholder in Ford?
Vanguard owns the most shares of Ford Motor (F).
Does Jay Leno own an Aston Martin?
Jay Leno has also acquired several vehicles from the classic James Bond movies, such as the iconic Aston Martin DB5 Goldfinger car. Click here to see how many cars are in Jay Leno's car collection.
How long did Ford own Aston Martin?
There are plenty of twists, turns, and surprises in Aston Martin's history! Between the years of 1991 – 2007, it was owned by the Ford Motor Company, which placed Aston Martin in the Premier Automotive Group.
When did Ford sell Jaguar?
Ford owned Jaguar Cars, also buying Land Rover in 2000, until 2008 when it sold both to Tata Motors. Tata created Jaguar Land Rover as a subsidiary holding company.
Who owns most of Aston Martin?
investor Lawrence Stroll
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!
Does Ford still have a stake in Aston Martin?
No. Ford divested its interest in Aston Martin for $925 million in 2007 to a group of investors that included the racing mogul David Richards and a pair of Kuwaiti companies.
Why did Ford sell Aston Martin?
Ford divested Aston Martin in 2007 in order to raise capital in advance of what Ford management (correctly) saw as a coming financial crisis. Aston Martin was part of Ford's ``Premier Automotive Group,'' which also included Jaguar, Land Rover, and Volvo.
How much was Aston Martin bought for?
Success allowed Stroll to re-introduce Aston Martin to the F1 field in 2021, when he led another consortium to purchase 16.7% of the Aston Martin car company for $235m, and was later appointed executive chairman.
