Aston Martin looking for inverstors

Article by Christian A., on August 29, 2010

It was made public by Ulrich Bez, CEO of Aston Martin, that the carmaker is currently in negotiations with several new investors as it attempts to increase its capital to meet the economic crisis.

A deal could develop from these talks by the end of this year. Bez said that the investors came from all over the world and was not just limited to the Middle East and they would have to be willing to commit to a long-term partnership.

Investment Dar, a Kuwait-based company, presently owns a 20 percent controlling stake in Aston Martin which it acquired two years ago in 2007.

Last December, Investment Dar was contemplating on selling its stakes, but this was reversed last February. Investment Dar said that they were not so much concerned with selling their stake as much as they were more concerned of funding the future since Aston Martin is one of their most significant assets.

Aston Martin, they claim, will be seeing expansion in the Middle East region as its sales continue an upward trend. The region, Bez explains, have stability and a population appreciation that is not found in other countries and in other regions, respectively.

There were 600 jobs shelved by Aston Martin in the UK during the first months of this year, but Bez made assurance that there will be no more cuts since the market has already hit bottom.

If you liked the article, share on:

Comments

Recommended

J.D. Power has officially released the 2017 Vehicle Dependability Study, an annual list of the most dependable brands in the auto industry. Once again coming on top is Lexus, the...
by - February 26, 2017
Citroen revealed that its entry to the Chinese market is moving forward with the planned release of the new generation C5. While still on sale on this part of the...
by - February 26, 2017
There is definitely a second-generation Super Series from McLaren. Even in camouflaged form, it is simply incredible. But while we still don’t have the full data on how truly dynamic...
by - February 25, 2017
A lot of fans are excited with the news that Porsche could be unveiling a performance version of its Panamera 4 E-Hybrid plug-in hybrid during the 2017 Geneva Auto Show. ...
by - February 25, 2017
Tesla is finally setting a more “definite” schedule with regards to the official launch of the Tesla Model 3 electric car. A “limited production” is said to be slated to...
by - February 25, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries