Aston Martin Will Most Likley Go Indpendent

Bruce · 11-06-2006, 11:11 AM

"Up to 30 buyers are reported to be interested in buying Aston Martin from Ford, and none of them are other automakers. According to the U.K.'s Guardian Unlimited, a bidding war could push the price of the company over £1 billion ($1.9 billion).

Interested buyers are required to submit their initial bids by the end of the month, according to the report. The list of interested parties is made up of private equity firms and wealthy individuals, the newspaper said.

So far, no automaker has come forward to express an interest in Aston. BMW recently said it has no desire to acquire the company. Analysts have also said a Japanese buyout of Aston Martin is unlikely. Accordingly, it looks like Aston Martin might become and independent organization — a rare arrangement in the automotive world these days."

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The Emperor · 11-07-2006, 02:55 AM

Quote:

Originally Posted by 7.3 AMG

BMW recently said it has no desire to acquire the company.

%$#

$#"

Merc1 · 11-15-2006, 12:32 AM

Yeah it would have been dreamy if BMW had bought them. I don't see them making it as an independent.

M

Ultimate Car Guy · 11-15-2006, 12:50 AM

If they do go independent, i'd imagine they'd need a collaboration with another car company to share technology/engineering, or they continue their technical ties with Ford.

Just_me · 12-11-2006, 06:59 AM

Aston Martin sale nears

Ford is close to selling its Aston Martin brand for as much as $1.2 billion, according to a report in Britain's Sunday Times. The original 30 interested parties has shrunk to just four contenders, which are now said to be engaged in a "particularly fierce" bidding war over the company.

The Times said Syrian billionaire investor Simon Halabi has emerged as the lead bidder. Ford announced in August it intended to sell the company in order to raise capital. In November, it was reported Aston Martin would likely become an independent car company, since no major automaker expressed an interest in acquiring the marquee.

Harry Plopper · 12-11-2006, 08:09 AM

RIP Aston Martin.

Bruce · 12-11-2006, 08:10 AM

Lol, Tine, isn't that a little dramatic?

Great song though!

Michael · 12-11-2006, 08:16 AM

I thought it was reported it--with a sense of solidity--that Aston Martin was going to go to BMW. Well, there goes that report down the drain.

I love AM and I want them to continue at whatever the cost.

Harry Plopper · 12-11-2006, 08:22 AM

Quote:

Originally Posted by Michael

I thought it was reported it--with a sense of solidity--that Aston Martin was going to go to BMW. Well, there goes that report down the drain.

I love AM and I want them to continue at whatever the cost.

BMW AG was interested, but they changed their minds when Ford insisted on some terms of sales (eg. retaining a minor share in AM company, and an option of buyback in the future). That's also the reason no automotive company is interested - nobody wants to be just a "parking lot" for AM company, where it will wait till Ford recovers & buy it back.

Habitual Speeder · 12-11-2006, 10:52 AM

Quote:

Originally Posted by EnI

BMW AG was interested, but they changed their minds when Ford insisted on some terms of sales (eg. retaining a minor share in AM company, and an option of buyback in the future). That's also the reason no automotive company is interested - nobody wants to be just a "parking lot" for AM company, where it will wait till Ford recovers & buy it back.

That sounds about right for Ford...

I used to work for Ford's Customer Service Division...it was one of the most entertaining jobs I've ever had.

11-06-2006, 11:11 AM	#1 (permalink)
Bruce Crazy Canadian Join Date: Sep 2006 Location: British Columbia Posts: 9,434 My Mood: Thanks: 3,556 Thanked 2,848 Times in 1,753 Posts Blog Entries: 2	Aston Martin Will Most Likley Go Indpendent "Up to 30 buyers are reported to be interested in buying Aston Martin from Ford, and none of them are other automakers. According to the U.K.'s Guardian Unlimited, a bidding war could push the price of the company over £1 billion ($1.9 billion). Interested buyers are required to submit their initial bids by the end of the month, according to the report. The list of interested parties is made up of private equity firms and wealthy individuals, the newspaper said. So far, no automaker has come forward to express an interest in Aston. BMW recently said it has no desire to acquire the company. Analysts have also said a Japanese buyout of Aston Martin is unlikely. Accordingly, it looks like Aston Martin might become and independent organization — a rare arrangement in the automotive world these days." - ONLY REGISTERED AND ACTIVATED USERS CAN SEE ALL LINKS - CLICK HERE TO REGISTER

11-15-2006, 12:32 AM	#3 (permalink)
Merc1 Contributor Join Date: Sep 2005 Location: Aurora IL USA Posts: 4,955 Thanks: 363 Thanked 672 Times in 346 Posts	Re: Aston Martin Will Most Likley Go Indpendent Yeah it would have been dreamy if BMW had bought them. I don't see them making it as an independent. M

11-15-2006, 12:50 AM	#4 (permalink)
Ultimate Car Guy Enthusiast Join Date: Oct 2006 Posts: 207 Thanks: 17 Thanked 19 Times in 16 Posts	Re: Aston Martin Will Most Likley Go Indpendent If they do go independent, i'd imagine they'd need a collaboration with another car company to share technology/engineering, or they continue their technical ties with Ford.

12-11-2006, 06:59 AM	#5 (permalink)
Just_me Expert Join Date: Sep 2005 Location: Sweden Posts: 12,612 Thanks: 741 Thanked 2,035 Times in 1,028 Posts	Re: Aston Martin Will Most Likley Go Indpendent...NOT! Aston Martin sale nears Ford is close to selling its Aston Martin brand for as much as $1.2 billion, according to a report in Britain's Sunday Times. The original 30 interested parties has shrunk to just four contenders, which are now said to be engaged in a "particularly fierce" bidding war over the company. The Times said Syrian billionaire investor Simon Halabi has emerged as the lead bidder. Ford announced in August it intended to sell the company in order to raise capital. In November, it was reported Aston Martin would likely become an independent car company, since no major automaker expressed an interest in acquiring the marquee.

12-11-2006, 08:09 AM	#6 (permalink)
Harry Plopper Oinky Wizard Join Date: Sep 2005 Posts: 3,746 Thanks: 76 Thanked 902 Times in 466 Posts	Re: Aston Martin Will Most Likley Go Indpendent RIP Aston Martin. Last edited by Harry Plopper; 12-11-2006 at 08:22 AM.

12-11-2006, 08:10 AM	#7 (permalink)
Bruce Crazy Canadian Join Date: Sep 2006 Location: British Columbia Posts: 9,434 My Mood: Thanks: 3,556 Thanked 2,848 Times in 1,753 Posts Blog Entries: 2	Re: Aston Martin Will Most Likley Go Indpendent Lol, Tine, isn't that a little dramatic? Great song though!

12-11-2006, 08:16 AM	#8 (permalink)
Michael Super Moderator Join Date: Sep 2005 Location: Florida Posts: 3,248 Thanks: 247 Thanked 340 Times in 205 Posts	Re: Aston Martin Will Most Likley Go Indpendent I thought it was reported it--with a sense of solidity--that Aston Martin was going to go to BMW. Well, there goes that report down the drain. I love AM and I want them to continue at whatever the cost.

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