Aston Martin is Up For Sale

Aston Martin DB9

With premium automakers like Bentley , Porsche , Land Rover , and Lamborghini all being snatched up by more mainstream automakers, like Volkswagen and, dare we say, Tata , it is pretty obvious that it’s tough going for independent, niche automakers. Even Ferrari , which is doing extremely well so far in 2012, has a parent company in Fiat S.p.A.

Aston Martin is one of the few niche automakers that is almost going it alone, as Ford only holds a 15-percent share in the premium sports car company and the rest is shared between privateer David Richards, and Kuwaiti investment firms Investment Dar and Adeem Investment Co. Of those three, Investment Dar owns the majority of the company, which sits at 68 percent.

According to reports from Bloomberg Businessweek, Investment Dar is searching for a new home for Aston, but having a rough time selling the brand. It is trying to sell its share of the company for the same $800 million that it bought the company for just five years ago. One possible buyer is Mahindra & Mahindra Ltd., the current owner of SsanYong, but it appears as if Mahindra is not in the market to blow that kind of cash on the British automaker.

Another potential suitor, which is a bit of a surprise, is Toyota. The Japanese automaker actually went as far as to hire an outside auditor to do a week-long survey on the possibility of buying Aston Martin. From the looks of things, that audit didn’t turn out too well, as that happened two months ago and there is still no movement by Toyota.

As expected, Toyota and Mahindra declined to comment on the situation, and Investment Dar outright denied the claims that Aston is up for sale. Regardless of denials and lack of confirmation, the debt that Aston Martin has accumulated – about 1.37 billion dinars ($4.9 billion at the current exchange rates) – via an Islamic bond needs to be paid off and selling the company may be the only option.

Short of that, we may see Aston Martin go the way of the dodo bird…


12 comments:

this car may have the same fate as the real gentlemen: we read about them in books and see them in movies, but they fail to exist in real life. today it is all about money, and that shows!

these are some of the most styled cars in the industry. it would be a shame for the gentlemen race car to be gone!

alex, i hope you will be wrong about aston martin. maybe a bigger player will take them over and make it sustain itself.

why do you say that? lots of british car manufacturers have gone extinct, just like the dodo.

i do not think the car industry will let aston martin disappear. they have too much history.

it would be a shame for aston martin to go extinct.

maybe volkswagen will make a move on aston martin. after all, germany is europe’s most stabile and powerful country, and volkswagen has bought lots of car manufacturers.

i think john is right. the main point is that it would be good if a big car manufacturer would buy aston martin. that would mean they could sustain the british manufacturer.

i guess they will not, because they will not plunge into an economical disaster. at least i do not think so!

it would be good if toyota bought aston martin. but will they?

what i love most is that fiat makes average cars, yet it owns ferrari. isn’t that a paradox?

that is quite some debt the ones at aston martin have. i hope they will be all right.

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