Thursday, March 08, 2007
Ford Motor Company (NYSE:F) shares jumped $0.31, or 4.07%, to $7.93 today after the U.K. Daily Telegraph reported that the company would sell its Aston Martin division by Friday at the opening day  of the Geneva Motor Show. The sale will be made to a consortium of business interests from the U.S. and Middle East, headed by Prodrive founder and world rally champion owner David Richards. The price is rumored to be near GBP500 million, which is roughly half of what Ford originally asked for six months ago. The transaction should prove to be a boost for the struggling automaker's cash position, which makes Ford a stock to watch.

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