GoldenBuy: Aston Martin Seeks Potential Buyers, Toyota Reportedly Among Interested Parties
NOVEMBER 09, 2012
On March 12, 2007, Ford sold Aston Martin to a consortium led by David Richards (of Prodrive and WRC fame) together with Aston Martin collector John Sinders and Kuwaiti-based companies Investment Dar and Adeem Investment Co.
Four months later, a Vanquish S was the last car to roll out of the Newport Pagnell plant before production was transferred to Gaydon. Ever since, the British automaker has increased its worldwide presence considerably; it even opened its first dealerships in China.
Now a report from Bloomberg New says that Investment Dar, which controls 64 percent of Aston Martinís shares, is searching for buyers interested in the British sports car maker.
According to the report, finding them is not that difficult: two sources familiar with the subject said that Indian automaker Mahindra & Mahindra is one of the parties that have already expressed their interest.
Convincing them to pay the US$800 million Investment Dar wants for its stake, on the other hand, is where things start to go awry.
Aston Martinís director of brand communications Janette Green said that Investment Dar is not considering a sale and Mahindra spokeswoman Roma Balwani declined to comment on the subject.
Yet, analysts believe that Aston Martin will probably have to tie up with a big automotive group anyway if it wants to stay in the same league with the likes of Ferrari and Bentley.