Ford Owns Jaguar And Aston Martin
Ford placed aston martin in the premier automotive group invested in new manufacturing and ramped up production.
Ford owns jaguar and aston martin. Who didn t like it. This copy cat scheme at ford came to be back when aston martin and jaguar were owned by the american giant who purchased the british brands in the 1990s along with some other european luxury makes. Just as the x type was being launched ford ceo jac nasser made news around the world by creating premier automotive group and putting ex bmw executive wolfgang reitzle in charge. In 1995 aston martin produced a record 700 cars.
In september 2006 the rights to use the defunct rover brand were secured from bmw by ford to protect the land rover brand. In 1994 ford opened a new factory at banbury road in bloxham to manufacture the db7. This was a 925 million deal and the buyers included the racing mogul david richards as well as two kuwaiti firms adeem investment and investment dar. For tata jaguar land rover has been a.
At this stage aston martin boss walter hayes enters the story. Shareholders records indicate that ford sold off part of its stake in aston martin in 2007. Ford said today that it has entered into a definitive agreement to sell the british brands that were once part of its much touted premier automotive group which included lincoln and aston martin. In march 2008 ford sold jaguar and land rover to indian carmaker tata motors.
Like jaguar aston martin was now owned by ford but unlike jaguar ford had little interest in the tiny sports car manufacturer for whom profits were near mythical occurrences. Ford sold 92 of aston martin to a consortium of investors headed by david richards in 2007.
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