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In 2007, Ford sold 92% of Aston Martin to a consortium of investors headed by David Richards. [4] In September 2006, the rights to use the defunct Rover brand name had been secured from BMW by Ford to protect the Land Rover brand. [5] In March 2008, Ford sold Jaguar and Land Rover to Indian carmaker Tata Motors.
In October 2004, Aston Martin set up the dedicated 12,500 m 2 (135,000 sq ft) Aston Martin Engine Plant (AMEP) within the Ford Germany Niehl, Cologne plant. With the capacity to produce up to 5,000 engines a year by 100 specially trained personnel, like traditional Aston Martin engine production from Newport Pagnell, assembly of each unit was ...
Ford acquired the British sports car maker Aston Martin in 1989, later selling it on March 12, 2007, [167] although retaining an 8% stake. [168] [169] Ford purchased Volvo Cars of Sweden in 1999, [170] selling it to Zhejiang Geely Holding Group in 2010.
The largest family-controlled company in the world, the Ford Motor Company has been in continuous family control for over 110 years. Ford now encompasses two brands: Ford and Lincoln. Ford once owned 5 other luxury brands: Volvo, Land Rover, Jaguar, Aston Martin, and Mercury. Over time, those brands were sold to other companies and Mercury was ...
In October 2004, when Aston Martin was a wholly owned subsidiary of Ford, the company set up a dedicated 12,500 square metres (135,000 sq ft) engine production plant within the Ford Niehl plant, with capacity to produce up to 5000 engines a year by 100 specially trained personnel.
The original Aston Martin “AML V12” project began in 1994, at Ford’s Advanced Powertrain division. As Aston Martin was owned by Ford at the time, this gave Aston Martin access to Ford’s considerable engineering and technology resources. The design goal was to build a unique V12 for Aston Martin, while leveraging many of Ford’s best ...
On 12 March 2007, Richards led a consortium of investors including Investment Dar and Adeem Investment, raising $925 million to finance the purchase of Aston Martin from Ford. Richards subsequently became chairman of the car company. He stepped down from this role at the end of 2013. [7]
Children. 2. Henrik Fisker (born 10 August 1963) [1] is a Danish automotive designer and entrepreneur based in Los Angeles, California, US. He is best known as the founder of Fisker Automotive and Fisker Inc, and as a designer of luxury cars. After working at BMW, Ford, and Aston Martin, Fisker founded Fisker Automotive in 2007.