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Aston Martin Sold To UK Based Group

Aston Martin has been sold by Ford, not to LVMH as previously thought but to a group of investors lead by David Richards the chairman of Prodrive. Prodrive is a British motor racing company which has worked with Aston Martin a lot in the past most recently as Aston Martin’s partner in their racing activities. Prodrive also builds the DBR9 for Aston Martin Racing as well the DBRS9. Ulrich Bez will remain the CEO whilst David Richards will have an active role in the day to day running of Aston Martin. Ulrich Bez also mentioned the development of the DB9 replacement to be called the DBX (David Brown Ten) and that the Rapide is on schedule for its release in late 2010.