The New Aston Martin Owners Will Be Indian or Italian

Bertel Schmitt
by Bertel Schmitt
the new aston martin owners will be indian or italian

This is the weekend – if the predictions of Reuters prove correct – when British sports car maker Aston Martin will get a new owner – yet again. An Italian private equity fund and an Indian company known for its off-road vehicles compete for the business.

According to Reuters, Italian private equity fund Investindustrial and India’s Mahindra & Mahindra have made competing bids for 50 percent of Aston Martin. A decision is expected over the weekend.

The current owner is the Kuwaiti investment house Dar. Two Kuwaiti investment companies, Investment Dar and Adeem Investment Co. had supplied the money, and the British engineering group Prodrive supplied the expertise when Ford wanted to unload Aston Martin, which it had owned since 1991.

Before Ford, Aston Martin had gone through a series of bankruptcies and different owners. All eventually found out that building supercars without the backing of a huge company is a losing proposition, and that recessions can be murder if expensive cars is all you have.

Investitudinal owned motorcycle maker Ducati before selling it to Volkswagen. The company allegedly has reached a technical partnership deal with Daimler AG’s Mercedes.

Join the conversation
8 of 74 comments
  • Volt 230 Volt 230 on Nov 25, 2012

    And the erosion of the West continues, doesn't anyone care?

    • See 4 previous
    • Hubcap Hubcap on Nov 26, 2012

      @BigMeats "And what else can anyone expect when the non-productive population keeps growing..." Yeah, that's the main problem the country has. It's them, them, them! No mention of Fed policies which devalue the currency and make the environment ripe for an explosive growth in inflation. No mention of a decade old two front war. Is there an end in sight, I don't know but I do know trillions of dollars have been spent and I wonder what if anything we've gained. No mention of politicians who willfully and knowingly pursue policies detrimental to the health and well being of the United States. After all, if their lobbyist wants it, it must be good. There's plenty of blame to go around and solving the problem means looking at the entire problem. Cut out the bad, grow the good. So while I agree with you in part, the country has much bigger issues.

  • Volt 230 Volt 230 on Nov 26, 2012

    Are there any more British-owned auto manufacturers left? The same could happen here.

    • NMGOM NMGOM on Nov 27, 2012

      Yes: Morgan, Radical, Caterham, Hackney, Noble...and I'm sure there are other small marques. -------------------------

  • Damon Thomas Adding to the POSITIVES... It's a pretty fun car to mod
  • GregLocock Two adjacent states in Australia have different attitudes to roadworthy inspections. In NSW they are annual. In Victoria they only occur at change of ownership. As you'd expect this leads to many people in Vic keeping their old car.So if the worrywarts are correct Victoria's roads would be full of beaten up cars and so have a high accident rate compared with NSW. Oh well, the stats don't agree.
  • Lorenzo In Massachusetts, they used to require an inspection every 6 months, checking your brake lights, turn signals, horn, and headlight alignment, for two bucks.Now I get an "inspection" every two years in California, and all they check is the smog. MAYBE they notice the tire tread, squeaky brakes, or steering when they drive it into the bay, but all they check is the smog equipment and tailpipe emissions.For all they would know, the headlights, horn, and turn signals might not work, and the car has a "speed wobble" at 45 mph. AFAIK, they don't even check EVs.
  • Not Tire shop mechanic tugging on my wheel after I complained of grinding noise didn’t catch that the ball joint was failing. Subsequently failed to prevent the catastrophic failure of the ball joint and separation of the steering knuckle from the car! I’ve never lived in a state that required annual inspection, but can’t say that having the requirement has any bearing on improving safety given my experience with mechanics…
  • Mike978 Wow 700 days even with the recent car shortages.