Stacy94PGT

Aston Martin CEO expects sale this year

Reuters

FRANKFURT -- Aston Martin CEO Ulrich Bez said the British sports car maker is likely to be sold by owner Ford Motor Co. before the end of the year and that he wants to buy it, according to a German media report.

In an article to be published on Thursday, Sept. 21, Ulrich Bez told the Frankfurter Allgemeine Zeitung that he imagined that Ford would remain a shareholder in Aston Martin with a stake of around 10 percent.

The newspaper said that Bez wanted a management buy-out of Aston Martin, backed by financial investors. The newspaper said that the price for the carmaker was estimated at around $1 billion and that Bez had already secured financing for a possible takeover.

But the newspaper also said that Ford wanted to get more offers.

Earlier this month, Swiss bank UBS said it had won the mandate to advise Ford on the sale of Aston Martin, which was famous in the 1960s as James Bond's car of choice.

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Stacy94PGT
My first car was a 67 Mustang Coupe, 2nd one was a 67 Cougar XR-7, 3rd one was a 66 Mustang Coupe. Why did I get rid of these cars for ? I know why, because I'm stupid, stupid, stupid.

My next Ford.....