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

The Chevrolet Corvette will be turning 65 years old in 2018, and as part of the celebrations, the brand is introducing a special edition C7 – the Chevrolet Corvette Carbon...
by - November 19, 2017
Tesla revealed that with its new Semi, truck drivers can expect better experience especially with heightened safety and the lower cost of transporting cargo. Indeed, the cabin of the new...
by - November 19, 2017
November 17 is considered a very special day for Tesla, as this is the day that they revealed the highly anticipated Tesla Semi. But Elon Musk did not think the...
by - November 17, 2017
More details have emerged about the new sixth generation of the BMW M3 just as the German premium practically announced the end of the current-gen 3 Series with the unveiling...
by - November 17, 2017
All is set for Volkswagen’s plans to enter the electric vehicle game, as prompted by the so-called Dieselgate scandal. In fact, the German carmaker has already made a commitment to...
by - November 17, 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