Cars
Mahindra & Mahindra and a Consortium Tied to Mercedes Reportedly Bidding for Aston Martin
Earlier this month, we ran a story about Aston Martin's major stockholder Investment Dar seeking a buyer for the British carmaker. According to the report, one of the interested buyers was India’s Mahindra & Mahindra, while Toyota had ordered a preliminary analysis, but didn’t proceed to a full-on evaluation. All of the aforementioned parties either refuted the story or declined to comment; but then that’s usually the case with such transactions.
Now, The Financial Times is reporting that Investment Dar is currently in talks with the final bidders for a 50 percent stake in Aston Martin, citing four sources familiar with the subject.
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Goldenbuy: Aston Martin Seeks Potential Buyers, Toyota Reportedly Among Interested Parties
On March 12, 2007, Ford sold Aston Martin to a consortium led by David Richards (of Prodrive and WRC fame) together with Aston Martin collector John Sinders and Kuwaiti-based companies Investment Dar and Adeem Investment Co. Four months later, a Vanquish...
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Form An Orderly Queue: Receivers Say More Buyers Show Up For Saab
This is your daily update on the story that is the survival of Saab. Today, we receive news that yet another party is interested in acquiring the Swedish car company, the third in as many days. Swedish newspaper Dagens Industri confirms last month's...
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Mahindra Wants To Become “india’s First Global Cult Brandâ€
M&M is not just a well-known candy but also the name of a part of the Mumbai-based Mahindra Group - an Indian conglomerate with a market value of $17.6 billion that has 119,900 employees in more than 100 countries and is involved in almost everything...
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India's Mahindra & Mahindra Seals Ssangyong Acquisition
Indian industrial giant Mahindra & Mahindra announced today that it has completed the acquisition of a majority stake in South Korea's SsangYong Motor Company, with the deal also signaling that SsangYong is no longer in court receivership. Mahindra...
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Aston Martin One-77: Updated High-res Photo Gallery
When it comes to exotic supercars like the Aston Martin One-77, there's no such thing as a sufficient number of photos. The more the better. Hit the jump to browse through our updated gallery that consists of high-resolution photos (1600px) shot during...
Cars