Why Ford sold Aston Martin
Ford sold Aston Martin in 2007 as part of its restructuring efforts and to raise funds for its core automotive operations. The sale allowed Ford to focus on its core products and invest in its other brands. Here are the key reasons why Ford decided to sell Aston Martin:
1. Financial Struggles: Ford had experienced significant financial losses, losing $12.7 billion in 2006. Selling Aston Martin provided an opportunity for Ford to raise a significant amount of money to support its restructuring efforts.
2. Restructuring Plan: Ford had announced a revamping plan called the “Way Forward” and selling Aston Martin was part of that plan. The sale allowed Ford to streamline its operations and focus on its core products.
3. Maintaining Ties: Despite selling Aston Martin, Ford wanted to maintain its ties with the brand. Ford retained a $77 million investment in Aston Martin, representing about 8 percent ownership.
4. Return to British Ownership: The sale returned Aston Martin to British ownership, which was seen as a positive outcome for the brand. It aligned with the trend of other famed British car brands being owned by British companies.
5. Potential for Selling Other Brands: Analysts speculated that the sale of Aston Martin could pave the way for Ford to sell its other British brands, such as Jaguar and Land Rover. However, Ford had stated that it was not interested in selling those brands.
Overall, Ford’s decision to sell Aston Martin was driven by financial considerations, the need to focus on core products, and the opportunity to raise funds for restructuring efforts.
Contents
- When did Ford stop owning Aston Martin?
- Who is the mother company of Aston Martin?
- Who is the largest shareholder of Aston Martin?
- Who owns Aston Martin today?
- Why do Ford’s look like Aston Martins?
- What Ford did to Aston Martin?
- Does Aston Martin have a Ford engine?
- Does Ford still own Aston Martin?
- Who currently owns Aston Martin?
- How much did Ford sell Aston Martin?
When did Ford stop owning Aston Martin?
– 2007
There are plenty of twists, turns, and surprises in Aston Martin’s history! Between the years of 1991 – 2007, it was owned by the Ford Motor Company, which placed Aston Martin in the Premier Automotive Group.
Who is the mother company of Aston Martin?
Founded in 1913 by Lionel Martin and Robert Bramford, the Aston Martin Lagonda Global Holdings PLC has been producing Aston Martin models for 104 years. That said, Ford became the primary stakeholder in Aston Martin in 1987. In 2020, however, Mercedes-Benz became the primary shareholder, increasing their stake to 20%.
Shareholders
| Name | Equities | % |
|---|---|---|
| Lawrence Stroll 25.32 % | 208,581,263 | 25.32 % |
| Public Investment Fund (Investment Management) 20.50 % | 168,856,533 | 20.50 % |
| Shu Fu Li 16.09 % | 132,530,859 | 16.09 % |
| MERCEDES-BENZ GROUP AG 8.902 % | 73,320,195 | 8.902 % |
Who owns Aston Martin today?
What is the breakdown of ownership?
| Lawrence Stroll | 22.7% |
|---|---|
| Li Shufu | 16.7% |
| Ernesto Bertarelli | 11.7% |
| Mercedes-Benz | 9.2% |
| Invesco Limited | 9.2% |
Why do Ford’s look like Aston Martins?
Who Owns Aston Martin? As many Palm Beach Gardens car enthusiasts know, Aston Martin was owned by Ford for 20 years. In fact, some noticed that the Ford Fusion once shared a similar grille to the signature Aston Martin design!
What Ford did to Aston Martin?
Ford placed Aston Martin in the Premier Automotive Group, invested in new manufacturing and ramped up production. In 1994, Ford opened a new factory at Banbury Road in Bloxham to manufacture the DB7. In 1995, Aston Martin produced a record 700 cars.
Does Aston Martin have a Ford engine?
The AML V12 ran for the first time in September 1995. The first engine completed was taken by Ford to be shown in the Indigo concept supercar. This version was unique in that it was dry-sumped, unlike the later production versions, and fitted with a Ford V12 nameplate.
Does Ford still own Aston Martin?
Is Aston Martin Owned by Ford: 1991 – 2007. There are plenty of twists, turns, and surprises in Aston Martin’s history! Between the years 1991 and 2007, it was owned by the Ford Motor Company, which placed Aston Martin in the Premier Automotive Group.
Who currently owns Aston Martin?
Who owns Aston Martin 2022? In January of 2020, Canadian billionaire and investor Lawrence Stroll led a consortium to gain a 25% stake in the company. Today, Stroll is the chairman of Aston Martin, and Tobias Moers of Mercedes-AMG is the CEO.
How much did Ford sell Aston Martin?
The Daily Auto Insider: Ford has sold its Aston Martin unit for 479 million pounds Sterling ($925 million) to a consortium of investors.
