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☖ Forums → Discussion Forum → Ford sells Aston Martin
Ford sells Aston Martin
2007-03-12, 10:41 AM #1
yep today ford sold Aston Martin to Prodrive... i heard it today on the news and havent heard anything on the web except for wikipedia

http://en.wikipedia.org/wiki/Aston_Martin
(JKLE_Cougar) from JK MP Community
discord.me/jediknightdarkforces2
2007-03-12, 10:44 AM #2
Always check Bloomberg.

http://www.bloomberg.com/apps/news?pid=20601087&sid=aprGFv7yV9VY
2007-03-12, 10:52 AM #3
$848 million i guess they were looking for 700 million to 1 billion for it
(JKLE_Cougar) from JK MP Community
discord.me/jediknightdarkforces2
2007-03-12, 10:54 AM #4
Back in British hands.

I'm going to smile even though I have no idea if it's a good thing or not. :D
nope.
2007-03-12, 12:36 PM #5
Ive only heard good things about Prodrive, so Im not too worried
[01:52] <~Nikumubeki> Because it's MBEGGAR BEGS LIKE A BEGONI.
2007-03-12, 1:35 PM #6
I dont get it. Aston Martin was the one part of Ford that was actually making a profit, so Ford get rid of them...
The Massassi-Map
There is no spoon.
2007-03-12, 2:11 PM #7
Aston Martin doesn't pull in anywhere near $850 million a year.

Seriously, they sell like 9 cars a year, and spend tens of millions on each designing them.
"If you watch television news, you will know less about the world than if you just drink gin straight out of the bottle."
--Garrison Keillor
2007-03-12, 2:38 PM #8
No one buys a company for $850 million expecting to make it all back in one year.

Originally posted by Spork:
I dont get it. Aston Martin was the one part of Ford that was actually making a profit, so Ford get rid of them...


Ford is in serious financial trouble. Selling Aston Martin and getting $850 million is way for them to survive as a company.
Pissed Off?
2007-03-12, 2:50 PM #9
Originally posted by Avenger:
No one buys a company for $850 million expecting to make it all back in one year.


Sorry, the point I was making was the same as yours, but I didn't articulate it.
"If you watch television news, you will know less about the world than if you just drink gin straight out of the bottle."
--Garrison Keillor
2007-03-12, 2:52 PM #10
No worries.
Pissed Off?
2007-03-13, 3:23 AM #11
Originally posted by Avenger:
Ford is in serious financial trouble. Selling Aston Martin and getting $850 million is way for them to survive as a company.


Ford owns Jaguar, Land Rover, Volvo, Mercury, 33% of Mazda, and I think a few others. I dont get why they chose to sell the one part of their business that was making a profit instead of offloading something that wasnt.
The Massassi-Map
There is no spoon.
2007-03-13, 10:32 AM #12
Maybe it was the only part of the company they could actually sell.
Pissed Off?
2007-03-13, 10:38 AM #13
This is only marginally related, but considering how YouTube was bought for $1.7 billion and Aston Martin goes only for $850 million, I'm more and more persuaded that Internets will soon take over the world.
幻術

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