Ford Motor Company (NYSE:F) has entered into an agreement to sell Aston Martin to a consortium comprised of David Richards, John Sinders, Investment Dar and Adeem Investment Co. This transaction is the result of Ford’s decision, as announced in August 2006, to explore strategic options for the Aston Martin business as the company restructures its core automotive operations and builds liquidity.

The sale is expected to close during the second quarter and is subject to customary closing conditions, including applicable regulatory approvals. The transaction values Aston Martin at 479 million pounds ($925 million).

As part of the transaction, Ford will retain a 40 million pounds ($77 million) investment in Aston Martin. Other terms and conditions specific to the sale are not being disclosed at this time.

The new owner of Aston Martin is a consortium comprised of: David Richards, founder and chairman of Prodrive, a world-leading motorsport and automotive technology company; John Sinders, an avid Aston Martin collector and a backer of Aston Martin Racing; and Investment Dar and Adeem Investment Co, international investment companies headquartered in Kuwait.

Ford Motor Company, a global automotive industry leader based in Dearborn, Mich., manufactures or distributes automobiles in 200 markets across six continents. With more than 280,000 employees and more than 100 plants worldwide, the company’s core and affiliated automotive brands include Ford, Jaguar, Land Rover, Lincoln, Mercury, Volvo and Mazda. The company provides financial services through Ford Motor Credit Company.

Related posts:

1. Edsel B. Ford II and Ford Motor Company to Auction 1932 Ford Roadster to Benefit Juvenile Diabetes Research Foundation JDRF at the 36th Annual Barrett-Jackson Car Auction This, the first of 100 Limited Edition 75th Anniversary Dearborn Deuce roadsters will go up for auction at the 36th Annual Barrett-Jackson Collector Car...
2. Ford Motor Company Reports September 2007 Sales Figures According to Ford Motor Company, sales of their newly redesigned crossover SUVs spiked 96 percent in September, 2007. The year to date sales are...
3. 2008 Ford Escape With the 2008 Ford Escape, Ford has combined a bold new look with a smooth, quiet ride--and a tough SUV with a lot of "capability"....
4. Ford Super Duty Tailpipe Fires 37,000 units of the 2008 model year Ford Super Duty F-Series pickup trucks are going to be recalled. And this is according to a press...
5. Dealers Wanted for 1932 Ford Roadster I talked earlier about the 1932 Ford Roadster, being built by B2 Design Group. The announcement of this 1932 Ford Roadster has been so overwhelmingly...