The maker of the James Bond movie cars is being sold by Ford to a group of investors that will include David Richards, CEO of racings Prodrive and Chairman of Aston Martin Racing and 2 Kuwaiti banks. Ford will still retain a 15% stake in the company a report states. Ford was forced to sell it off after mounting losses last year in an effort to “repair it’s balance sheet”.
Aston Martin is excited about the deal, so far there is no talk of any closings or lay-offs and stated the production facility will remain. Also in the future works is a plan to move ahead with the production of a Roadster version of the Aston V8 Vantage and later down the road, a Rapide four-door sedan. While this seems to bode cloudy for Ford, yet this will release AM execs in their endeavors to bring to the market a more equitable share of vehicles.
