Tuesday, February 18, 2014

ARABS SETTED ASTON MARTIN FOR SALE

Arabs put Aston Martin for sale

ARABS SETTED ASTON MARTIN FOR SALEThe owner of a controlling stake in the British car maker Aston Martin - Kuwaiti investment fund Investment Dar - declared its readiness to sell their shares to other companies, according to Car Advice. The main contender for the package in a 64 per cent stake in the Indian company is Mahindra Mahindra.


Another company to start negotiations, called the Japanese Toyota. Now Toyota and Aston Martin are already connected to the partnership agreement, working in projects of urban vehicles. Toyota iO and the Aston Martin Cygnet. At the same time, the sources say that the Japanese in the negotiations have not progressed beyond the initial request.


Investors can stop the proposed Kuwaitis price - at least 503 million pounds (770 million dollars). Investment Dar is not willing to part with an asset, not to gain for it spent less than six years ago when buying from Ford.


Aston Martin is now the only manufacturer of luxury cars that are not part of a large automotive group.


Indian companies had already bought the British car manufacturers. In 2008, the brands Jaguar and Land Rover were acquired from Ford by the Indian company Tata Motors.