Published March 13th, 2007
in Ford India and Car Money.
Cash-strapped Ford Motor Co has sold a controlling stake in the iconic Aston Martin brand, raising $848 million (euro 645 million) to help fund its turnaround plan.
Aston Martin, made famous by its exotic sports cars appearing in James Bond movies, now will be run by a consortium of investors, including racing mogul David Richards, John Sinders and Kuwaiti firms of Investment Dar and Adeem Investment Co.
Ford officials announced the sale on Monday morning at Aston Martin’s headquarters in Gaydon, England. The sale is expected to close in the second quarter, and Ford will retain a $77 million (euro 58.5 million) stake in the company. More
Courtesy: www.auto.indiatimes.com
Published March 13th, 2007
in Tata Motors.
After months of high decibel protests, agitation and violence, the Bengal government has finally decided to make public its deal with the Tata Motors on the small car factory being set up in Singur.
Industries minister Nirupam Sen will read out the text of the agreement in the assembly on Thursday. But contrary to expectations of the Trinamool Congress and the Congress, there will hardly be any scope of discussions on the issue since the minister will reveal the agreement only while participating in the debate on the governor’s speech. He will be the second-last speaker to be followed only by the chief minister.
The industries minister informed Left Front chief whip Syd. Md. Masih on Tuesday that he would simply read out the text of the agreement during his speech on the governor’s address and that no separate time had been allotted for the purpose. More
Courtesy: Hindustan Times
