Ford exploring sale of Aston Martin
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Ford Motor Co.  on Thursday said  it was trying to sell its Aston Martin luxury unit to free up  funds to invest in its other brands amid a sharp downturn in  sales.
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DETROIT -- Ford Motor Co. has received several bids for its Jaguar and Land Rover units, but a spokesman said they were preliminary and no sale of either British automaking business was imminent.
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The Indian company said it was entering detailed talks with Ford about the takeover of Jaguar and Land Rover.
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NEW YORK/MUMBAI  - The Ford Motor Company  is expected to receive opening bids on Thursday for its Jaguar and Land Rover brands from a number of companies including private equity firms and other automakers, the New York Times reported on Thursday, citing people with direct knowledge of the situation.
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Ford sprang a surprise when it declared that Jaguar was moving out of Formula-1 and the team is up for sale or dismantling. That decision gave rise to the speculation that Ford might be considering moving out of World Rally Championship as well.
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Ford will raise $848 million toward its overhaul plan by selling Aston Martin, its British luxury sports car brand.
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LONDON/GAYDON  - Ford Motor Co.  is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth 479 million pounds ($925 million).
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Luxury car company Aston Martin is expected to be sold imminently, bringing it back into British ownership.
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Luxury car business Aston Martin has been sold to a British-led consortium for Â£470m.
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Business & money: Ford's decision to consider the possible sale of its Jaguar and Land Rover brands has alarmed unions and politicians who fear that UK jobs are at risk.
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The Ford Motor Company has agreed to sell its iconic Aston Martin brand for just over 470 million pounds (908 million dollars) to a consortium led by a former British racing driver, an official for the US firm said Monday.
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Ford Motor Co. said on Thursday it has had contact with interested parties for its Land Rover and Jaguar luxury brands and is evaluating the level of interest.
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Luxury car company Aston Martin is expected to be sold to a British-led consortium on Monday.
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Automaker Ford Motor  may sell Land  Rover, a maker of four-wheel-drive vehicles, along with Jaguar,  as part of a shake-up of its British brands, The Sunday Times  newspaper reported.
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India&#39;s Tata Group is interested in  acquiring Ford Motor Co&#39;s  Jaguar and Land Rover brands,  the Indian conglomerate&#39;s chairman Ratan Tata said in remarks  released on Friday.
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Ford Motor Co.  is selling  British luxury car maker Aston Martin to a group fronted by  former Benetton and BAR motor racing boss David Richards in a  deal worth 479 million pounds ($925 million).
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Race car driver David Richards with some investors buys Aston Martin from Ford for $925 million. In Autopia.