Aston Martin Not For Sale

Consortium leader Dave Richards is quashing speculation that luxury sports car maker Aston Martin is for sale. “The company is not for sale,” Richards insisted during the Nurburgring 24-hour race last weekend, where Aston’s N24 Vantages finished 1-2-3 in their class.

“This speculation is only there because we are talking to people all the time about engines,” Richards said. “But we are always talking to people, and it doesn’t mean we’re for sale.”

Richard led a partnership that included two Middle East investment firms to take over Aston Martin from Ford Motor Co. last year. Since then rumors have circulated that the Prodrive boss and his investors would be happy to turn a quick dollar. But Richards’ denial is his most emphatic statement yet about Aston’s long-term future.

The company’s future engine supply is less certain, though. Aston’s V8s are built near Cologne, Germany, in an Aston-branded engine factory nestled inside a Ford compound.

While there are whispers that future Astons could be powered by Mercedes-Benz engines, Richards did not clarify the situation. “We are guaranteed engine supply by Ford until 2012 and we are talking to Mercedes, but then we are talking to Ford and we talk to everybody,” Richards said.

Staff

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