Ford Sells Major Stake in Aston Martin
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DETROIT -- Cash-strapped Ford Motor Co. has sold a controlling stake in the Aston Martin brand, made famous by its exotic sports cars appearing in James Bond movies, raising $848 million to help fund its turnaround plan.
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Ford Motor Co F.N will exercise its   right to buy the Rover brand name from German premium carmaker   BMW BMWG.DE, a spokesman for Ford's Premier Automotive Group   said on Monday.
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Jaguar will pull out of Formula One at the end of 2004, with parent company Ford&#39;s engine maker Cosworth also up for sale. Ford&#39;s bombshell announcement on Friday has huge
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Ford Motor Co . could announce the  sale of its Aston Martin luxury performance cars unit for more  than 450 million pounds ($865 million) as early as this week, a  source familiar with the matter said on Monday.
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Ford announced Thursday it wants to hive off Aston Martin, the dashing sports car immortalized by fictional superspy James Bond.
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Ford Motor Co.  on Wednesday said  about 38,000 of its union workers have accepted its buyout  offers, part of a broad restructuring effort at the  second-largest U.S. automaker.
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Ford Motor Co  on Thursday selected Tata Motors Ltd  as the front-runner to buy Jaguar and Land Rover, placing India's top truckmaker in a position to take over two storied British luxury nameplates.
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Commerzbank, the second-biggest listed bank in Germany, said it has sold its 8.4-percent stake in Italian sports car maker Ferrari for an estimated 260 million euros (329 million dollars).
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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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The US car giant Ford today announced the sale of its Jaguar formula one cars to Red Bull, the Austrian energy drink firm. Ford put the Jaguar team up for sale in September as it announced plans to reorganise
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Ford Motor Co.  on Wednesday said about 38,000 of its union workers have accepted its buyout offers, part of a broad restructuring effort at the second-largest U.S. automaker.
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Carmaker Ford  said on Thursday that India's Tata Motors  was the front-runner to buy its European brands -- Jaguar and Land Rover.
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Ford admits its sale of Jaguar and Land Rover is being affected by the markets turmoil, but says the process is not slowing down.
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Luxury car company Aston Martin is expected to be sold imminently, bringing the business back into British ownership.
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Troubled US auto giant Ford Motor Co. has said it was looking to sell Aston Martin, the prestigious British sports carmaker immortalised by fictional superspy James Bond.
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DaimlerChrysler AG said Monday it has sold its 10.5 percent stake in South Korea's Hyundai Motor Co., a move it expects will raise more than &#36;900 million.
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For the first time in its history, Ford is mortgaging its assets, including factories, equipment and trademarks.