Ford to Sell Aston Martin

Ford Motor Company, which owns Aston Martin, has been debating whether or not to sell the luxury car to another company since August. As gas prices continue to rise and as Ford motor company continues to try and restructure the company, the sale of the Aston Marin seems most logical to the company. Ford will be selling the British car maker, Aston Martin, for 925 million dollars. Ford suspects that the sale of Aston Martin will allow them to reach their objective of “restructuring the company to operate profitably at lower volumes”, according to the article. Ford is still in the process of closing plants and cutting jobs. By selling Aston Martin Ford will be able to begin speeding up the developing new products and after the sale Ford will still retain forty million pounds in the company. Will see if this was the right move for Ford Motor Company soon enough!