Tag: Ford
Posted by
Fangio 2 years 8 months ago
The deal is done, Ford Motor Company has sold Aston Martin to a consortium led by Prodrive founder David Richards, Aston Martin collector John Sinders, and Kuwait's Investment Dar and Adeem Investment Co.
The sale price is for $925 million, and Ford will retain a $77 million stake in the sports car maker, which pegs the brand's worth at just over $1 billion.
The new owners said they would build on Aston Martin's brand and products, starting with the launch of V8 Vantage Roadster tomorrow and continuing with the development of a new...
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Ford has reported a loss of $12.7bn for 2006 - the biggest annual loss in the embattled US carmaker's 103-year history.
A slump in sales, combined with major restructuring costs, saw the firm lose $5.8bn in the final three months of the year alone.
The iconic US carmaker has been struggling in the face of competition from Japanese rivals such as Toyota.
Ford has plans to close 16 factories in North America and cut 45,000 jobs.
The company, which is currently the second-biggest carmaker in the US, may be overtaken by Toyota in its...
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Ford Motor has unveiled what it is calling the world's first drivable fuel cell hybrid electric vehicle with plug-in capability.
The new prototype Ford Edge model is based on HySeries Drive powertrain technology which features an onboard hydrogen fuel cell together with a "lithium-ion" fuel cell.
The company said that the HySeries Drive was a "real-world" version of that envisioned for the Ford Airstream concept vehicle, details of which were released earlier this month - a move designed to make the technology more accessible to the...
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Foose Design and Unique Performance have launched a line of limited edition muscle cars based on the current generation Ford Mustang. The first production custom ponycar is named “Foose Stallion” which will be available in a coupe and a convertible.
Chip Foose didn’t just put his name on the 2007 Foose Mustang, he put his heart and soul into it. He drew the concept sketches. Sculpted the clay. Helped design and spec every stitch in the custom interior and every pavement-ripping performance mod. Now you can become one of the first...
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Bill Gates is using CES to highlight several new consumer-oriented products and to unveil a partnership with the Ford Motor Company to build Microsoft technology into several Ford models.
Microsoft and Ford are to offer a system called Sync, a voice-activated method for connecting cellphones and media players — like Microsoft’s Zune — to a vehicle. Similar systems are widely available in Japanese and German automobiles. Sync, the first major commercial introduction of the Microsoft Auto software, offers hands-free phone dialing and...
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Ford's iconic Mustang has given birth to a bold, intimidating sedan: the Ford Interceptor concept.
The automaker is to release images of the vehicle today and plans to display it at the North American International Auto Show in Detroit, which opens to the media Jan. 7.
Not to be confused with Ford's Crown Victoria Interceptor police car or the Ford Interceptor police concept car revealed at the 2002 New York auto show, the 2007 Ford Interceptor is based on a stretched Mustang platform and is not aimed at police -- although they, too,...
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Reinterpreted by Giorgetto Giugaro, his son Fabrizio, and the rest of the highly skilled designers at the famed Giugaro design works in Turin, this 'Stang represents an impressive blend of American muscle and Italian design. To create the car's unique look, Giugaro pulled the body panels in as tight as they could go, reduced the rear overhang, and widened the car by 1.2 inches in the front and 3.1 inches at the back. The result is a beautiful fastback that fills our heads with images of early-'70s Boss Mustangs.
The Giugaro Mustang has been...
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It took only a hint of their interest in acquiring British sports car maker Aston Martin for Bernard Arnault and Albert Frère, two of Europe’s smartest investors, to win widespread publicity for their new E1bn (£670m, $1.25bn) venture fund. Within hours of the pair putting themselves the frame, investment banks were on the phone proposing all sorts of spin-off possibilities that might appeal to investment veterans who share a taste for fine wine, fast cars and quick profits.
The idea that a 57-year-old Frenchman Arnault, albeit head of...
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Posted by
Fangio 3 years 1 month ago
In spite of reports yesterday that Ford had decided not to sell Jaguar, the fate of the loss-making carmaker still hangs in the balance after executives said a decision on whether to sell was still weeks away. Ford had been widely expected to seek a buyer for Jaguar, which lost 426 million pounds in 2004 -- the last year for which accounts are available. Jaguar's 6,500 employees at Castle Bromwich in Birmingham and Halewood on Merseyside had received encouragement yesterday after Mark Schulz, Ford's executive in charge of international...
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Posted by
Fangio 3 years 2 months ago
Ford Motor Company announced today it has begun the process of exploring strategic options for Aston Martin, with particular emphasis on a potential sale of all or a portion of the unit.
"As part of our ongoing strategic review, we have determined that Aston Martin may be an attractive opportunity to raise capital and generate value," said Chairman and Chief Executive Officer Bill Ford. "Aston Martin Lagonda has flourished under Ford ownership, which is why we believe it is prudent to consider a sale of all or part of this prized brand....
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