Ford Owns Jaguar And Aston Martin
In 1994 ford opened a new factory at banbury road in bloxham to manufacture the db7.
Ford owns jaguar and aston martin. 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. For tata jaguar land rover has been a. 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.
Ford has remained a longtime partner at aston martin where it now holds an 8 stake. Ford placed aston martin in the premier automotive group invested in new manufacturing and ramped up production. 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. 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 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 1995 aston martin produced a record 700 cars. Ford s cfo at the time called the company austin martin.
Who didn t like it. Ford sold 92 of aston martin to a consortium of investors headed by david richards in 2007.
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