CarBuyersNoteBook

It looks like Aston Martin will be losing a stakeholder as Investment Dar of Kuwait has reportedly in talks to sell its stake which may end up being under new management. Investment Dar paid Ford over $900 million for its majority stake in Aston Martin back in 2007, but the economic downturn has forced it to reconsider the position.

The group has received several expressions of interest in a stake in the famed marque as a part of the company’s plans to restructure its debt, sources tell the newspaper. Aston’s sales volume in the UK, which accounts for about a third of the worldwide total, fell 25% in the year through October, forcing the company to cut its workforce by one third. Plans for restructuring are expected to be finalized by March 16.

(Source) Financial Times