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Bill is Dead.
Join Date: Jul 2005
Location: Alaska.
Posts: 9,633
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LVMH + Aston Martin
German publication Autobild has reported that the new owner of Aston Martin is billionaire Bernard Arnault - CEO of Louis Vuitton Moët Hennessy S.A.
Ford placed Aston Martin on the auction block last year in hopes of raising $2 billion of much needed revenue. No figures of the sale have been released yet, but it is believed to have only brought $1.2 bil. Financial analysts say that this is merely a "drop in the bucket" compared to Fords massive debt. On another note, a 2004 report claims that counterfeiting of LV merchandise is so rampant, that less than 2% of all items sold as Louis Vuitton are genuine. I guess we will be picking up our knockoff LV-AM on ebay soon.
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-.-. .- ... .... ..-. .-.. -.-- . .-. The souls of the righteous are in the hand of God, and no torment will ever touch them. |
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02-02-2007, 08:00 AM
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Registered
Join Date: May 2005
Location: Lake Oswego, OR
Posts: 571
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 What a sad day for AM.... Ford is reported to have retained a 15% share. Guess they are trying to continue to lose money even after selling it off. |
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02-02-2007, 08:24 AM
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