
Aston Martin
Aston Martin Lagonda Limited is a British manufacturer of luxury sports cars, based in Gaydon, Warwickshire. The company name is derived from the name of one of the company's founders, Lionel Martin, and from the Aston Hill speed hillclimb near Aston Clinton in Buckinghamshire.
From 1994 until 2007 Aston Martin was part of the Ford Motor Company, becoming part of the company's Premier Automotive Group in 2000. On 12 March 2007, it was purchased for £479 million (US$848 million) by a joint venture company, co-owned by Investment Dar and Adeem Investment of Kuwait and English businessman John Sinders. Ford retained a US$77 million stake in Aston Martin, valuing the company at US$925 million.
On 12 March 2007 a consortium led by Prodrive chairman David Richards purchased Aston Martin for £475m/$848m. Prodrive has no financial involvement in the deal. Ford will keep a stake in the company (valued at £ 40 million / $ 70 million). The consortium also consisted of John Sinders, an Aston Martin collector; and two Kuwaiti investment companies, Investment Dar and Adeem Investment Co.
In June - August 2007, the first car crossing of the full extent (East to West) of the new Asian Highway was achieved by Britons Richard Meredith and Phil Colley driving a V8 Vantage. Following the AH1 and the AH5 from Tokyo (the Highway grid’s furthest point East) to Istanbul (furthest West), they drove a total of 12089km (7512 miles) before joining the European motorway network for another 3259km (2025 miles) to London.
On 19 July 2007 the last car, a Vanquish S, was produced at the Newport Pagnell plant. Nearly 13,000 cars had been made there since 1955. All production was concentrated at Gaydon, with the old premises in Tickford Street remaining in Aston Martin ownership as the restoration and service department.
Aston Martin has boosted its worldwide appeal by opening more dealers in Europe, as well as branches in China for the first time in its 93 year history in Beijing and Shanghai. This has brought their dealership programme to 120 dealers in 28 countries.
On 1 September 2008, Aston Martin announced the revival of the Lagonda marque. A concept will be shown in 2009, coinciding with the brand's 100th anniversary. The first production cars should come in 2012.
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