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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Luxury car business Aston Martin has been sold to a British-led consortium for Â£479m.
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A private equity arm of JPMorgan Chase  & Co.  is eyeing some of Ford Motor Co.'s  luxury  brands, a source familiar with the matter said on Friday, the  latest sign the struggling carmaker is looking to unload assets  as part of a turnaround bid.
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Ford Motor Co.  heads into a round of contract talks with its major union as the automaker seeks sweeping changes worth billions of dollars that would transform it into a strong contender, according to people familiar with the upcoming negotiations.
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Automaker Ford Motor Co.  is in  talks to sell some luxury-auto brands to an investment group  led by its former Chief Executive Officer Jacques Nasser,  Bloomberg news service reported on its Web site, citing four  people familiar with the discussions.
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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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Ford will raise $848 million toward its overhaul plan by selling Aston Martin, its British luxury sports car brand.
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A bidding group fronted by former Benetton and BAR motor racing team boss David Richards is to buy control of luxury car maker Aston Martin from Ford Motor Co. , sources familiar with the situation said on Monday.
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Ford Motor Co.  is in exclusive talks with Prodrive, a motor racing company, over the potential sale of the U.S. carmaker's Aston Martin luxury car unit, The Times said on Saturday.
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Ford is expected to sell Aston Martin to a group of investors that includes the racing mogul David Richards and a pair of Kuwaiti companies.
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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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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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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 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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Luxury car business Aston Martin has been sold to a British-led consortium for Â£470m.
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Ford Motor Co.  had preliminary  talks with Cerberus Capital Management about selling Cerberus  its Jaguar and Land Rover brands, but the discussions have been  inconclusive, according to a report on the website of The Wall  Street Journal.
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Aston Martin, the icon of luxury sports cars made famous in James Bond movies, has been put up for sale by the struggling Ford Motor Co. , the company said yesterday.