Aston Martin 'For Sale' Rumors Heat Up
According to reports, a 50-percent stake in Aston Martin could be sold before the end of the month, despite claims from CEO Ulrich Bez that the brand is not for sale.
Investment Dar, Aston Martin’s Kuwaiti owner, reportedly has bids for 50 percent of the company from Indian automaker Mahindra & Mahindra as well as European buyout group Invest Industrial.
SEE ALSO: Aston Martin…For Sale?
It appears that Mahindra & Mahindra has put in the higher bid, but Investment Industrial is offering a technical partnership with German automaker Mercedes-Benz as part of the deal. The technical partnership with Mercedes could be a vital component to sway Investment Dar one way or the other.
[Source: Autocar UK]
Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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