Ford to announce sale of Aston Martin
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Ford Motor Company is nearing a deal to sell its Aston Martin brand in an effort to free up cash as the company's North American business faces challenges, The Wall Street Journal reported Monday.
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THE head of Jaguar&#39;s Formula One team said yesterday he was confident a buyer would be found by the end of the year. Jaguar owner Ford said last week it was ending its association with Formula One racing at the end of the season and selling the team.
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LONDON/GAYDON  - Ford Motor Co.  is selling British luxury car maker Aston Martin to a group fronted by former Benetton and BAR motor racing boss David Richards in a deal worth 479 million pounds ($925 million).
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Ford&#39;s sale of elite sports-car maker Aston Martin is a sign of deeper troubles at the US automaker after a failed foray into luxury European brands and a loss of focus on its critical US market, said analysts.
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Iconic sports-car maker Aston Martin returned to British soil on Monday as US motor giant Ford sold the firm to a consortium here keen to develop the brand made famous by fictional superspy James Bond.
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A bidding group fronted by former Benetton and BAR motor racing team boss David Richards said it will hold a news conference at 1300 GMT and sources familiar with the matter said it will announce it is buying a majority stake in luxury car maker Aston Martin from Ford .
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Ford will raise $848 million toward its overhaul plan by selling Aston Martin, its British luxury sports car brand.
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Ford predicted a bright future for the Jaguar Formula One team on Monday after completing the sale of the racing outfit to energy drinks company Red Bull.
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India's Tata Motors  is set to  be named as the preferred buyer for Ford Motor's  luxury  brands Jaguar and Land Rover as early as Friday after beating  rivals with a bid of around $2 billion, Indian and British  media reported.
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Business & money: Ford has appointed investment bankers to investigate the prospects of selling its two luxury UK brands, three months after it sold Aston Martin.
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Ford Motor Co. F.N on Thursday said   it was trying to sell its Aston Martin luxury unit to free up   funds to invest in its other brands amid a sharp downturn in   sales.
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DETROIT -- Ford Motor Co. is selling a controlling stake in Aston Martin, creator of exotic $100,000-plus sports cars made famous in James Bond movies.
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Ford Motor Co.  is in exclusive talks with Prodrive, a motor racing company, over the potential sale of the U.S. carmaker's Aston Martin luxury car unit, The Times said on Saturday.
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The Ford Motor Company said Monday that it will sell the climate-control business of its Automotive Components Holdings unit to a French car parts maker, Valeo.
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Motorsport.com. Ford has announced that Jaguar will be withdrawn from Formula One at the end of the 2004 season and the F1 business will be put up for sale.
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DETROIT -- Cash-strapped Ford Motor Co. has sold a controlling stake in the Aston Martin brand, made famous by its exotic sports cars appearing in James Bond movies, raising $848 million to help fund its turnaround plan.
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Loss-making Ford Motor Co.  is planning to sell Swedish car maker Volvo  and German carmaker BMW  could be a possible buyer, a Swedish newspaper said on Monday.