Kuwait firm backs Prodrive for bid on Aston Martin, sale expected today

The ongoing saga that is Ford's sale of Aston Martin may finally come to a resolution later today. According to a variety of reports from Detroit, New York and abroad, David Richards, the chairman and founder of Prodrive, will likely be the new owner, with the financial backing of the Kuwaiti firms Investment Dar and Adeem Investment Co.

The ceremonial signing will take place at 9:00 AM GMT today, with one source from Kuwait saying that, "The deal has been approved. Monday is just for public relations."

The sale of Aston Martin is reportedly going to cost the new investors somewhere in the neighborhood of $868-870 million, although Ford will still retain a 15 percent stake in the luxury automaker.

We'll have more information as it becomes available, but be sure to read the articles linked below for the full story.

[Sources: Auto Channel, Detroit News, New York Times]

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