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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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Aston Martin Could Be Up For Sale
According to Business Week, Aston Martin’s controlling shareholder, Investment Dar Co. which owns 64 per cent of the automaker has approached potential buyers about the British brand.
The Kuwaiti company bought its stake for £503 million back in 2007 and is reportedly looking to get the same money back.
Mahindra & Mahindra Ltd. (MM), the Indian automaker, is among potential suitors Investment Dar has approached in recent few months as well as Toyota.
Reportedly the company hired an auditor to conduct a preliminary review of Aston Martin less than two months ago.
There are also rumours circulating about a possible collaboration between Lotus and Aston Martin.
As Investment Dar Co. is in a hurry to sell its stake in the company, we expect to hear more about the matter in the near future.