Ford is dire straits and we knew that. So what do they do? Sell Aston Martin! Idiots!!!! I am being harsh because I have not seen that much lunacy in a while. Aston Martin is profitable for Ford, and they sell what is profitable. What does Ford keep? Whatever is loosing money.
The Premier Auto Group, bogged down primarily by Jaguar, handed in a pretax loss of $344 million. Mulally, Ford’s top executive since September, has said Jaguar is not currently for sale.
Annual production dipped as low as just 46 cars in 1992. But the brand [Aston Martin] has enjoyed a resurgence this decade — a record 7,000 Aston Martins were sold worldwide last year and a similar number are expected to be purchased in 2007.
Oh yes let’s keep the stuff that is bleeding Ford and sell what is profitable for Ford! Yes that is smart, NOT!
