Skip advert
Advertisement

Aston Martin could be for sale

Aston Martin's major stakeholder is looking to sell its share of the company, according to media reports.

Aston Martin for sale

Aston Martin’s biggest shareholder, the Kuwaiti private equity firm Investment Dar, has been looking to sell its share of the British sportscar manufacturer, according to reports by Bloomberg.

Various sources from within the industry claim that Investment Dar has been looking to sell its shares in the company for around $ 800m (£504m at current exchange rates), which is roughly what the company paid in 2007 when it bought its stake in Aston Martin - previously under the control of Ford.

Advertisement - Article continues below

Two of the rumoured potential buyers include Indian car manufacturer Mahindra, and Japanese giant Toyota, although Aston Martin’s official statement maintains that the company is not looking for a new owner, and other parties have declined to comment. The report claims however that Toyota has in fact carried out an evaluation on the possibility of a buyout, but so far it hasn’t progressed any further.

Investment Dar was one of two investors who purchased a stake in Aston Martin during a huge deal fronted by Prodrive founder David Richards in 2007. Since the deal went through, Investment Dar’s debt has mounted to over $ 4.39bn, and the Kuwaiti investment company is looking to ease this by selling its stake in AM.

Aston’s product line-up has recently been updated to include the new DB9 and Vanquish models, but without the backing of a major car manufacturer in the future, it could be left behind in the development of new models. Aston Martin is currently one of very few independent manufacturers left, with most of its rivals falling under the umbrella of larger manufacturers.

Skip advert
Advertisement
Skip advert
Advertisement

Most Popular

2026 BMW 3-series spied, with exhaust pipes
2026 BMW 3-series front
News

2026 BMW 3-series spied, with exhaust pipes

The next 3-series will ring in BMW’s ‘Neue Klasse’ and be electric, hybrid and ICE powered
18 Nov 2024
Used car deals of the week
Main used car deals
Advice

Used car deals of the week

In this week’s used car deals, we’ve sourced everything from an Alfa Romeo Giulia to a Mercedes-AMG One
20 Nov 2024
TWR Supercat is a 660bhp supercharged V12 XJS restomod
TWR Supercat Jaguar XJS front
News

TWR Supercat is a 660bhp supercharged V12 XJS restomod

Singer and Alfaholics a bit too weedy? A 660bhp supercharged, manual V12 Jaguar XJS could be for you
20 Nov 2024