Ford Explores Sale of Aston Martin
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Ford may part ways with both its British luxury-car brands as it raises money for its turnaround efforts.
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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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Ford Motor Co . is set to choose a frontrunner to buy European brands Jaguar and Land Rover around the end of this week as it moves towards a sale early in 2008, said a person close to the matter on Monday.
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Ford in negotiations with Indian automaker over sale of its two subsidiary luxury brands.
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Ford, battling steep losses, hired the investment banks Goldman Sachs, Morgan Stanley and HSBC to explore the sale of Jaguar and Land Rover.
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Ford Motor Co.'s F.N new vehicles  have yet to meet targeted sales volumes, compelling analysts to  question the success of models the automaker is banking on to  stem its bruising U.S. market-share losses.
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As part of its recovery plan, Ford will sell the maker of upscale British sports cars to a group of investors that includes the racing mogul David Richards.
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Ford Motor Co.  said on Tuesday it  was working with financial advisers on the best options for its  European luxury brands Jaguar and Land Rover.
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Middle Eastern investment funds are  targeting Jaguar and Land Rover, the British luxury car brands  that U.S. owner Ford Motor Co.  is considering selling,  the Observer newspaper said on Sunday.
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The British government is in contact with Ford Motor Co  over the possible sale of the U.S. carmaker's Jaguar and Land Rover brands.
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Cash-strapped Ford Motor Co. took a step yesterday toward selling its Jaguar and Land Rover units when it received an undisclosed number of opening bids for the British automaking businesses.
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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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Aston Martin is one of three British companies that Ford may sell as part of its effort to finance a turnaround in North America.
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The Ford Motor Company is making a push to convince Americans that a new crop of cars are worth buying on their own merits, not because of rebates or financing.
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Ford Motor Co.  has reached a deal to sell its British race car unit Aston Martin to an investor consortium led by racing team boss and chief executive of Prodrive Ltd David Richards, an adviser on the deal, said on Monday.
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The British government has contacted Ford following a report the US automaker is to sell luxury brands Jaguar and Land Rover, an official spokesman said Tuesday amid concern for the fate of British jobs.
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Iconic sports-car maker Aston Martin returned to British soil on Monday as US motor giant Ford sold the firm to a consortium here keen to develop the brand made famous by fictional superspy James Bond.