Investindustrial to Buy Aston Martin?
The Internet grapevine has been abound with rumours of Mahindra & Mahindra holding talks with Kuwati firm, Investment Dar to buy up their stock in the iconic British carmaker Aston Martin. However, from the looks of it M&M may have to pull out of its bid as a new favourite in the form of Investindustrial has emerged. Investindustrial is the same company that, in 2006, bought Italian motorcycle maker Ducati and later sold it for 860 million euros.
Wajeeh
Published On Dec 07, 2012 16:31 IST
Published OnDec 07, 2012 16:31 IST
Last Updated OnDec 07, 2012 16:31 IST
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While there is much mystery surrounding what is to become of Aston Martin, 50 per cent stock holder, Investment Dar has repeatedly denied any intentions to sell all or a part of its Aston Martin stock. Investindustrial had previously bid 200-250 million pounds for 50 per cent of the Aston Martin stock and had agreed to a partnership for Aston Martin with Daimler AG's Mercedes. Mahindra meanwhile has made no statements in regard to this.
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Raised in the Middle East, Wajeeh Khan spent most of his life in Doha, Qatar where he was originally educated in the field of communications and networking. He spent five years working and garnering experience in various fields including administration, insurance, sales and construction. However, Wajeeh has always had a deep seated passion for automotive writing, which has brought him back to his roots in India and although a fresher in the field, he is an obsessive enthusiast with an extreme and inquisitive nature and has his bases on the hows and whys of the functioning of a car, all covered.</p>
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Armed with exceptional knowledge on the workings of the English language and his obsession for cars, he hopes to make a name for himself in the field of automotive journalism.</p>
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