AM Online

Ford expects bidders for Aston Martin today

Ford Motor is today expected to receive revised offers from a handful of remaining bidders left in the auction for Aston Martin, the sports carmaker it is attempting to sell for more than £450m.

These are thought to include Simon Halabi, the property tycoon, and buy-out group Doughty Hanson. Magna, the Canadian car parts group, and a consortium including James Packer, the Australian media billionaire, may also lodge bids.

Ford last week reported a $12.7bn (£6.5bn) net loss for 2006, its largest ever. The pre-tax loss at Ford’s Premier Automotive Group, which owns the Aston Martin, Jaguar, Volvo and Land Rover brands, was $327m (£167m).

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