Ford Received $931 Million For Sale Of Aston Martin

Written by tonks on August 9, 2007

Aston Martin LogoThere has been much debate on how much Ford made when it got rid of Aston Martin. When we first heard about the sale, which shocked everyone, we were under the assumption that Ford was given $965 million. Then we learned that it was $870 million.

Well as you can imagine the price has changed…again, but for good this time. At least we hope! All we need to know at this point is that Ford received $931 million for Aston Martin, in the form of cash and preferred stock in Primrose Cove Ltd. Primrose Cove is the name of the holding company that purchased Aston for its group of investors.

Among those investors are Kuwait investment firms Investment Dar and Adeem Investment Co., as well as Prodrive’s David Richards, and banker and Aston racer, John Sinders. The sale price amounted to a pretax gain of $187 million for Ford, and pretty much matched their March 12 statement that the company would be getting $848 million plus keep a $77 million stake in the company.

If that didn’t confuse anyone than you are doing great :) ! So now that we know Ford made a bundle on selling one of the best companies that they had let us hope that the price doesn’t change again. If so…well let’s hope we have something of more interest to report instead!

Posted Under: Aston Martin,Cool Cars

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