Aston Martin at heart of Italian-Indian bidding war
November 25 , 2012
Aston Martin has found itself at the heart of a bidding war after Indian motors group Mahindra beat an Italian bid for half of the British luxury car maker.
On Thursday, Italian private equity fund Investindustrial reached a deal with the owner, Kuwaiti investment house Investment Dar.
However a day later, Mahindra and Mahindra made a higher offer raising questions over the fate of the 98-year old iconic car.
Aston Martin makes the cars made by the James Bond films in Gaydon, England.
In 2007, the company was sold by U.S.-based Ford Motors $767 million to Investment Dar and another Kuwait fund, Adeem Investment.