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Aston Martin being shopped around?

Posted Nov 9th 2012 7:00PM

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Just last month, we heard rumours of a possible collaboration between Lotus and Aston Martin, but while we assumed this meant trouble for the Malaysian-owned Lotus, it could have been Aston Martin reaching out looking for a buyer. Businessweek reports five unnamed sources have stated that Investment Dar, Inc., the Kuwaiti-based majority shareholder of Aston Martin, has been reaching out to potential buyers for the luxury brand.

It sounds like the leading candidate for a buyer so far is Mahindra & Mahindra Ltd., but the hold up so far might be the money Investment Dar is looking to get out of its stake. Having agreed to restructure its US$4.9 billion worth of debt, the article says that Investment Dar, holding 64 per cent of Aston Martin's shares, is looking to sell its stake for US$800 million which compares to the US$925 million total price Aston Martin was acquired from Ford Motor Company back in 2007.

Interestingly, Businessweek also reports that Toyota recently looked into acquiring a share of Aston Martin, but there is no definitive word as to the outcome yet.

Hit the jump to watch our most recent review of the Aston Martin V8 Vantage.

News Source: Businessweek

Image Credit: Copyright 2012 Michael Harley / AOL

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