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Investment Dar Might Sell Aston Martin in 4-7 Years Part of Restructuring Plan


Investment Dar plans to use its shares in Aston Martin to back a new credit facility and the company might sell the luxury automaker in 4-7 years, part of its restructuring plan. In 2009 Investment Dar has defaulted on a Islamic bond worth $100 million and now it faces a $176 million debt repayment by the end of this month. The ...
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Investment Dar to Seek 50% Debt Cut With Lenders
Investment Dar, shareholder in Aston Martin, has asked creditors to take a 50% writedown ob its debt as the company plans to meet repayments after defaulting on a loan in ...
Aston Martin Invests in New Technology and Products
Aston Martin CEO Ulrich Bez said that he hopes Investindustrial will help the automaker expand its market presence and launch its next generation sports cars. Aston Martin plans to invest $1 ...
Aston Martin looking for development partner to make engines
Aston Martin is reportedly in talks with potential partners to jointly develop high-end engines and electronic parts for its lineup. The British maker of sports cars is holding discussions with Daimler ...
Investindustrial to Buy 37.5% in Aston Martin
Investment Dar chose Investindustrial as the buyer of 37.5% in Aston Martin for the sum of 190 million euro ($246 million). “Investindustrial’s new investment reflects and sustains the unique position of ...
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 ...
Moody’s plans to downgrade Aston Martin as cash reserves diminish
Aston Martin has been put under review by Moody's Investors Service for a credit downgrade as the luxury carmaker spends money from its cash reserves. The British carmaker controlled by Investment ...
Deal for Half of Aston Martin Almost Secured
Investment Dar Co. is very close to sell half of Aston Martin and boost funding for future development. “The proposed plan will ensure Investment Dar can deliver its medium- and long-term ...
Mahindra & Mahindra favorite to take over Aston Martin
The fate of Aston Martin is likely to be decided this week, with India's Mahindra & Mahindra favorite to become the British sports car maker's new owner. Mahindra's rival for the ...
Half of Aston Martin to Be Sold Before the End of the Month
According to a Financial Time report, the 50% stake in Aston Martin could be sold at the end of this month. Financial Times says that Investment Dar, Aston Martin’s owners, has ...

latest automotive news
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Feb.28 (GMM/Inautonews.com) Toto Wolff has scoffed at a media report purporting to know the dizzying value of Lewis Hamilton's ...
Manor racing to be ready for Melbourne – Booth
Feb.28 (GMM/Inautonews.com) Team founder John Booth is confident the former Marussia team will make it to Melbourne. Having fought to ...
‘Manor Marussia’ on 2015 entry list
Feb.28 (GMM/Inautonews.com) As predicted earlier, the FIA on Friday published the official 2015 entry list that includes a place ...
Vettel hails ‘awesome’ pace from new Mercedes
Feb.28 (GMM/Inautonews.com) After a winter of apparent 'sandbagging', Mercedes finally let the cat out of the bag on Friday. Team ...
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Feb.28 (GMM/Inautonews.com) McLaren has counted itself out of the continuing speculation about Fernando Alonso's medical condition. Rumours have been rife ...
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Feb.27 (GMM/Inautonews.com) Fernando Alonso struck the wall at 105 kilometres per hour last Sunday. That was the claim on Friday ...
‘I’m completely fine’ says smiling Alonso
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