Ford wants to sell Aston Martin

CEAT Kelani Holdings Managing Director Ravi Dadlani (right) and Lanka Ashok Leyland CEO Umesh Gautham exchange the OEM agreement

DEARBORN, Michigan, Aug 31, 2006 (AFP) – Troubled US auto giant Ford Motor Co. said Thursday it was looking to sell its British sports marque Aston Martin. Chief executive Bill Ford said that as part of its strategic review, the US company had decided that Aston Martin “may be an attractive opportunity to raise capital and generate value”. “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,” he said in a statement.

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