In any form of motorsport, manufacturers come and go, but the sport continues to be shaped by the teams and the major players that lead them. So when Subaru packed up and left the World Rally Championship, you knew it was only a matter of time before David Richards and his company Prodrive would be back on stage. Now it looks like that
Aston Martin LMP1 – Click above for high-res image gallery
Whatever the outcome of the standoff between the Formula One Teams Association and the FIA, it was clear from the get-go that F1 was to change dramatically. As it turned out, the two parties – the first representing the teams currently participating in the sport and the second its governing body – have apparently reconciled their differences.
Aston Martin Lagonda Concept – Click above for high-res gallery
Aston Martin chairman David Richards has admitted that his company is in danger of a "technical breach of its banking covenants" sometime later this year. The situation could, technically, lead to the banks which financed the acquisition of the British sportscar-maker repossessing it.
Purchasing a multi-million dollar automaker is a good excuse for not being able to concentrate on other matters, but according to Prodrive's team boss, David Richards, the 2008 Prodrive F1 team is, "perfectly on target."
The deal is done, and it happened exactly the way everyone expected it to. Ford Motor Company has sold Aston Martin to a consortium led by Prodrive founder David Richards, Aston Martin collector John Sinders, and Investment Dar and Adeem Investment Co, two international investment companies headquartered in Kuwait. The sale price is for $925 million, and
Coming out of Geneva along with the exodus of automotive journalists are reports that a sale of Aston Martin is imminent, and that the likely winning bid has come from a consortium headed by Prodrive founder David Richards. The expected bid is rumored to be around $965,800,000 (£500,000), or about half of what Ford Motor Co. was hoping to get for its most premium of brands. Ford is expected to retain an interest in Aston Martin since it's still the brand's number one supplier of parts, and