Aston Martin Up for Sale, Toyota Interested?

It was owned by Ford until a Kuwaiti firm bought it in 2007

   

james bond skyfall 630 300x214 Aston Martin Up for Sale, Toyota Interested?James Bond’s favored car brand is up for sale. Sources tell Bloomberg that Kuwait’s Investment Dar, which holds a controlling stake in Aston Martin, is soliciting possible suitors for the company.

The search for a buyer has been hampered by the $800 million price tag Investment Dar has attached to its stake. The company acquired a 64% interest in Aston Martin in 2007 for $503 million. Aston Martin had previously been owned by Ford (NYSE:F).

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Sources said Toyota (NYSE:TM) has conducted due diligence of Aston Martin’s books, but has not yet made an offer.

India’s Mahindra & Mahindra has been cited as another potential bidder for Aston Martin, which is struggling to compete with other high-end brands, including Fiat‘s (PINK:FIATY) Ferrari and Volkswagen‘s (PNI:VLKAY) Bentley.

A representative of Aston Martin told Bloomberg that the company wasn’t for sale.


Article printed from InvestorPlace Media, http://investorplace.com/2012/11/aston-martin-up-for-sale-toyota-interested/.

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