Saturday, May 18, 2013

Aston Martin is looking for New Owners

Aston Martin is know for Making fast super cars.Aston Martin debuted in 1913.Aston Martin has changed the ownerships to so many hands in the past 99 years.From 1994 to 2007 Aston Martin was a subsidiary of Ford Motor company.In 2007 Ford sold 90 % of stake to a New investors consist of a American investor and two Kuwait investors.But Ford retained the 10% stake.Now the Kuwait owner are looking to sell their stake at Aston Martin.Aston Martin sales have declined in the last year.Because of the Economic crisis in Europe which led to sales of car sales.

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Kuwait investors own 64 % in Aston Martin.They have approached several companies.But the price they ask is $805 Million (RS 4400 Crore).This is the same price they paid to Ford for their stake.This is too much considering the current condition of Aston Martin.Toyota is one of the companies they approached.After conducting a 1 week feasibility study of buying Aston Martin.There has no further information.They had also approached Mahindra and Mahindra.If Mahindra buy Aston Martin it will be a big achievement for Mahindra.Finally an Indian company has a sport brand ownership.But we are not sure whats the decision taken by Mahindra.

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(Current owners of Aston Martin)