Ford is close to selling its Aston Martin brand for as much as $1.2 billion, according to a report in Britain’s Sunday Times. The original 30 interested parties has shrunk to just four contenders, which are now said to be engaged in a “particularly fierce” bidding war over the company.
The Times said Syrian billionaire investor Simon Halabi has emerged as the lead bidder. Ford announced in August it intended to sell the company in order to raise capital. In November, it was reported Aston Martin would likely become an independent car company, since no major automaker expressed an interest in acquiring the marquee.
