DETROIT ‚Äď Speculation over the possible sale ofMotor Co.‚Äôs subsidiary reaches a fever pitch following a recent comment made by Lewis Booth, executive vice president-Ford of Europe and Premier Automotive Group.
‚Äúhas been developed into a confident brand and we‚Äôre convinced that will continue under new ownership,‚ÄĚ Booth says during a recent speech at the North American International Auto Show.
Industry watchers speculate an announcement of Aston Martin‚Äôs sale could come as early as today.
previously announced Aston Martin was on the chopping block, as the troubled auto maker seeks to raise capital as part of its Way Forward North American restructuring strategy. Ford has said the sale would be complete by year‚Äôs end.
‚ÄúWe‚Äôre going to close a deal this year; there‚Äôs been lots of interest,‚ÄĚ Booth tells Ward's, adding Ford would like to see Aston Martin end up in competent hands.
‚ÄúIt‚Äôs a grounded brand, and we want to see it do good,‚ÄĚ he says.
Booth declines to say whether a sale to a rival auto maker is a possibility.