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Investindustrial reportedly close to buying Aston Martin stake

Investindustrial reportedly close to buying Aston Martin stake

Private equity fund Investindustrial is closing in on an agreement to buy an Aston Martin stake to ensure financing of the renowned sports-car maker. According to two people familiar with the matter quoted by Bloomberg, London-based Investindustrial has trumped Indian automaker Mahindra & Mahindra to invest in Aston Martin. The […]

Aston Martin up for sale, report says

Aston Martin up for sale, report says

Aston Martin’s controlling shareholder, Investment Dar Co., has approached potential buyers for the iconic British brand, according to Bloomberg. Bloomberg quoted five people with knowledge of the matter, with one of them saying the Kuwaiti company has hired Rothschild to advise on the sale. Investment Dar, which owns 64 percent […]

Lotus starts production of the Exige S in the UK

Lotus starts production of the Exige S in the UK

Despite the tough times Lotus is currently undergoing, the Proton-owned sports car maker has managed to kickstart production of the Exige S model at its Hethel plant in the UK. The first unit rolled off the assembly line today, amid speculation that Volkswagen plans to take over Proton. Premiered at […]

Lotus sees increasing demand from China

Lotus sees increasing demand from China

Lotus sales in China are booming, as the sports car maker announced it had received four times more orders for the limited-series Evora GTE than it expected. Demands for the special edition sports car costing over €200,000 were four times larger than Lotus forecast. CEO Dany Bahar said he was […]

New Jensen Interceptor to be produced from 2014

New Jensen Interceptor to be produced from 2014

CPP, the British automotive group, has announced it will finalise development of a new Jensen Interceptor in Coventry, England and manufacture it at a new production facility on Browns Lane in the same city from 2014. The announcement is a further boost to the UK motor industry following yesterday’s news […]