Rus News Journal

Ford sells Aston Martin for $925 million

The service of autoconcern of Ford officially reported a press about determination to sell the subdivision of Aston Martin specialising on extension of prestigious sports cars. As the buyer David Richards (David Richards) - the head of company Provide acted. The transaction is valued in $925 million And a part of the gained means, at a rate of $77 million, Ford plans to start up on the investment into Aston Martin.
Alan Mulalli, the general director and the president of the company of Ford, stated that “sale of the company of Aston Martin is necessary for providing of economic development and increase in profitableness of the company of Ford. It is necessary and for the brand as now there will be an access to the accessory capital of the company. It allows Aston Martin to save already typed rates of development.“
under forecasts the transaction comes to the end in II quarter of current year.