Ford Sells Aston Martin

There have been rumors of an Aston Martin sale for some time now, and now we’ve finally received the official word. Ford has sold the brand to “an investment group led by Prodrive founder and chairman David Richards.” That’s not to say that the blue oval is going to leave themselves completely out of the picture. Instead, they’re going to keep a small $77 million stake in Aston Martin, selling the rest of the company — valued at $925 million — to the investment group.

Other folks in this group, in addition to Prodrive’s David Richards, include Aston Martin collector John Sinders and Kuwait’s Investment Dar and Adeem Investment Co. Aston Martin will continue to be run by the current CEO, Dr. Ulrich Bez.