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| Aston has been sold | |
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| Tweet Topic Started: Mar 12 2007, 02:14 PM (1,018 Views) | |
| Startline Ed | Mar 12 2007, 02:14 PM Post #1 |
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Engineer
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http://news.bbc.co.uk/1/hi/business/6442101.stm Here is the confirmation. It has gone to good hands in my opinion |
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| u4coffee | Mar 12 2007, 02:18 PM Post #2 |
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Just Married
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Yup ![]() |
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| John | Mar 12 2007, 02:31 PM Post #3 |
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Team Boss
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I can't fault Dave Richards pedigree... and as consortium's go... Kuwaiti investors will not be short of the kind of money needed to invest... So it has the hallmarks to be a great move for Aston-Martin... I find it interesting in that It will be hailed as returning to British ownership again... when it seems to me a lot of the ownership will be Kuwaiti
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| The Saint | Mar 12 2007, 02:49 PM Post #4 |
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Wow so Britain will have a Motor Industry once again! Actually I was researching motor vehicles for the UK market this weekend and I noticed Nissan stopped selling the Primera and Almera! Which is quite sad to me, as I helped set up the production lines for those two vehicles (well the Almera actually shared the Micra production line). You sure have some funky looking cars over there these days! The Vauxhall (OPEL) Astra is being released over here in the States and sold as the Saturn Astra, Saturn have been selling the Vectra over here for some time – with modifications, but the Astra is more or less a straight transfer – with a slightly different grill. http://www.leftlanenews.com/wp-content/plu...770&idg=1&idi=1 |
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| John | Mar 12 2007, 03:16 PM Post #5 |
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Team Boss
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So besides Richards and the Kuwaiti's.... Ford also has a stake....
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| The STIG | Mar 12 2007, 03:20 PM Post #6 |
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Still, Fly the flag! We have a british car maker again! |
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| John | Mar 12 2007, 03:44 PM Post #7 |
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Team Boss
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To my knowledge Aston Martin's have never been made anywhere else but the UK... and as far as I know other british car makers like Morgan have never stopped making cars in the UK.... Both of these companies are and have always been British... regardless of who owned them... It seems some people would be happy to see a great Marque disappear than have it kept alive... and thrive... under foreign ownership.... sheer madness... |
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| The STIG | Mar 12 2007, 04:05 PM Post #8 |
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Aston up to now has been American just built in Britian. same as Jaguar, Lotus (malasyan), TVR (Russian, and dead), and LDV (american, and vans). That meant that up till this deal, the biggest british car maker has been LTi. and they make Taxis! Oh yeah, and there's been loads of smaller companies beneath them, but really, we need a big name back. now if Mr. Richards would be as so good as to purchase Jaguar and Land Rover off Ford, we shall have great cause to celebrate, and if someone could releive Lotus of Proton, more's the better. GM can Keep Vauxhall though. |
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| John | Mar 12 2007, 04:22 PM Post #9 |
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Team Boss
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But what was the total production of Aston Martins... about 20,000 vehicles in more than 75 years... with it's best year being about 5,000 If you discount Morgan on volumes... Aston Martin is hardly an automotive behemoth... is 5000 all that is needed to be classed having an Industry again.Also the consortium who will own A-M are comprised of David Richards (UK) collector John Sinders (USA) Kuwait businesses Investment Dar Co. and Adeem Investment KSC. oh yes and FORD retaining about 8%... So as a share of the company... Maybe 20% of Aston has returned to British ownership... So to many people, me included... it always was seen as British just not owned... will this 20% be enough to make you happy to call it British. |
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| The STIG | Mar 12 2007, 04:28 PM Post #10 |
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It's 20% more than there was before! |
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| theghostofnuvolari | Mar 12 2007, 04:30 PM Post #11 |
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Engineer
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the thing about aston martin is that it is a car to be proud of, it is a marque that sits at the same table as ferrari and porsche. the fact that it has been bought from the crippled tragic wreck of ford by a consortium lead by a brit can only be a good thing. and quantity is largely irrelevent in the world of quality. |
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| The Saint | Mar 12 2007, 04:33 PM Post #12 |
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I am not an expert but doesn’t the current AM’s run with Ford power plants? Will this partnership remain intact? |
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| The STIG | Mar 12 2007, 04:38 PM Post #13 |
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The V8 Vantage runs a Jaguar (ford) V8 - built in my home town. Same engine as appears in Land rover Discoveries. Can't see that being effected too much since the other V12 engines they use are built in house anyway! |
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| John | Mar 12 2007, 04:38 PM Post #14 |
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Team Boss
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I guess Ford retaining investment with an 8% stake plus the Other terms and conditions specific to the sale are not being disclosed at this time. may mean that A-M must buy it's any arrangements for parts supply are safe guarded.... for now. |
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| The Saint | Mar 12 2007, 04:43 PM Post #15 |
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Well the lottery is up to 140,000,000 this week, if I win that, I will definitely buy an Aston Martin! I think it is the more cerebral sports car anyway. The thinking mans Ferrari if you like! |
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is 5000 all that is needed to be classed having an Industry again.
12:35 AM Jul 11