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New owner, no problem

TL
By:
Tony Lewin
March 19, 2007 05:00 AM
Details of the deal

Some new faces join, but much remains the same at Aston Martin.

The buyer: A consortium that includes David Richards, John Sinders, Kuwaiti companies Investment Dar and Adeem Investment

The price: £479 million (about €700 million)

Vested interest: Ford retains a £40 million stake, held as preferred shares believed to be non-voting

The chairman: David Richards, founder of Prodrive

The CEO: Unchanged (Ulrich Bez will remain for 5 more years)

The team: Unconfirmed, but few changes expected

Facilities: Unchanged

Technology: Continued supply agreement with Ford

LONDON -- Aston Martin promises that new ownership will not affect its ability to develop and manufacture new models and purchase components and systems at competitive prices.

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