UK: Two bidders competing for Aston Martin stake - reports
Reports suggest that Kuwaiti investment group Investment Dar, which brought Aston Martin from Ford in 2007, is now looking to sell a 50% stake in the UK-based luxury sports car firm Aston Martin (perhaps best known as the car of choice for fictional British secret agent James Bond). A sale to Investindustrial was close to agreement last week, before M&M stepped in with a higher offer, according to reports. Investment Dar is seeking to reduce its debt with the proceeds, reports suggest, and is also keen to address questions surrounding future model development and funding.
A source quoted by Reuters said that Investindustrial had bid between GBP200m and GBP250m for the stake, and sees its proposal as technically superior, including a technical partnership deal with Mercedes-Benz.
However, the apparent interest of India-based M&M – a specialist maker of utility vehicles – raises memories of Tata's acquisition of Jaguar Land Rover from Ford, which M&M was also interested in acquiring at the time. Acquiring Aston Martin would give the ambitious group a globally recognised premium automotive brand. Some analysts say, however, that an Aston Martin bid from M&M may be something of a 'vanity project', with few obvious industrial synergies or overlaps between the two companies present.
Trucks in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descriptions...
Car Manufacturing in India industry profile provides top-line qualitative and quantitative summary information including: market share, market size (value and volume 2007-11, and forecast to 2016). Th...
Daimler is reportedly in early talks with Aston Martin over a supply arrangement to Aston Martin that is thought to involve Mercedes engines....
Light Trucks in India industry profile provides top-line qualitative and quantitative summary information including: market size (value 2007-11, and forecast to 2016). The profile also contains descri...
Tesla has named Aston Martin's vehicle engineering head, Chris Porritt, as its new vice president of vehicle engineering....
TechNavio's analysts forecast the Automotive Engineering Service market in India to grow at a CAGR of 18.22 percent over the period 2012-2016. One of the key factors contributing to this market growth...
- THE WEEK THAT WAS: The bubble car returns
- Management briefing: UK engine manufacturing (1)
- PRODUCT EYE: Audi RS Q3
- COMMENT: PSA's Tavares plots turnaround
- Q&A with Tenneco: Energy recovery technologies
- PSA issues new business plan
- BEIJING DEBUTS: Volvo S60L PPHEV concept
- NYIAS DEBUTS: next Mazda MX-5 Miata preview
- The bubble car is back, fit for the 21st century
- Former Bentley chief returns for another round
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Ford Motor Company - Strategy and SWOT Report
- Plunkett's Automobile Industry Almanac 2014: Automobile Industry Market Research, Statistics, Trends & Leading Companies
- Global light vehicle materials market 2008 to 2028