Aston Martin Sold
Ford announced that Aston Martin was sold for $925 million USD to Prodrive, Aston Martin’s racing division. The deal was financed by banker John Sinders and several investment banks in the Middle East. Ford has retained an 8% stake in the company.
Prodrive got a huge bargain at the purchase price of $925 million USD. When you consider the manufacturing upgrades that Ford paid for, Aston Martin’s current product mix, their future product pipeline, and their market prospects, Prodrive has got to be awfully happy with the deal.