Bidding on the Aston Martin sale could go to a third round according to the FT.
And rather than the process being over, Ford said it expects revised offers to be made today.
As we reported yesterday, still in the race are Simon Halabi, the property tycoon, the buy-out group Doughty Hanson, Canadian car parts group Magna, and a consortium led by Australian media billionaire James Packer. The JP Morgan-led bid that included ex-Ford exec Jac Nasser as a partner has dropped out of the race.
One bidder said that Ford's attempts to get much more than the analysts' valuation of $450 million are unlikely to bear fruit, since the costs of running Aston outside the shared overheads of a large group such as Ford would be high.