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Aston Martin was a member of PAG. Ford acquired an interest in Aston Martin in 1987 and had full control from 1991. It was sold on 12 March 2007 for £479 million. [4] However, Ford retained a £40 million (8%) stake in Aston Martin. [9]
In October 2004, Aston Martin set up the dedicated 12,500 m 2 (135,000 sq ft) Aston Martin Engine Plant (AMEP) within the Ford Germany plant in Niehl, Cologne. With the capacity to produce up to 5,000 engines a year by 100 specially trained personnel, like traditional Aston Martin engine production from Newport Pagnell, assembly of each unit ...
Consolidation of the automobile industry is an ongoing occurrence. Behind each automobile brand lies larger parent corporations.Auto mobile corporations, external corporations and private shareholders commonly own varying amounts of multiple auto mobile corporations, thus resulting analysis of relationships between auto mobile corporations becomes increasingly complicated.
1987: Ford acquires Aston Martin Lagonda and Hertz Rent-a-Car. Henry Ford II dies at age 70. 1988: Ford Festiva, built in Korea by Kia is introduced. 1989: Ford acquires Jaguar. Mazda MX-5 Miata is unveiled. Third generation Fiesta is launched in Europe – and establishes itself as the fastest selling generation of Fiesta to date – 1 million ...
Citing flagging demand as the reason, luxury car company Aston Martin has put a pause on its first battery-electric cars till demand picks up in 2026, while Germany’s Mercedes-Benz has also ...
On 12 March 2007, Richards led a consortium of investors including Investment Dar and Adeem Investment, raising $925 million to finance the purchase of Aston Martin from Ford. Richards subsequently became chairman of the car company. He stepped down from this role at the end of 2013. [7]
The original Aston Martin “AML V12” project began in 1994, at Ford’s Advanced Powertrain division. As Aston Martin was owned by Ford at the time, this gave Aston Martin access to Ford’s considerable engineering and technology resources.
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