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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 unnamed sources said a final agreement has not yet been signed. One ...
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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 ...
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 ...
Mahindra & Mahindra’s Q2 profit up 22 percent on strong SUV sales
Mahindra & Mahindra, India's biggest maker of sport-utility vehicles and tractors, today posted a 22 percent increase of its second-quarter net profit. The parent company of SsangYong was helped by strong ...
Mahindra Reva opens new EV plant in Bangalore
Mahindra Reva Electric Vehicles, a subsidiary of Mahindra Group, has inaugurated a new automobile factory in Bangalore, India. The new assembly plant has an annual capacity of 30,000 cars and is ...
U.S. Auto Dealers Sue Mahindra for Fraud
U.S. auto dealers, accuse Mahindra & Mahindra of misrepresentation, fraud and conspiracy. According to the lawsuit Mahindra defrauded hundreds of U.S. auto dealers and left with over $60 million in cash ...
Mahindra Chairman Mr. Keshub Mahindra Retires from the Board
Mr. Keshub Mahindra, Chairman of Mahindra & Mahindra Ltd., informed the Board of his intention to retire from the Board on August 8th. The Board accepted his decision but requested him ...
Mahindra Develops the All-New Scorpio SUV in India
AutocarIndia.com said that Mahindra & Mahindra has started to work on an all-new Scorpio SUV. The company planned earlier this year to bring its diesel-powered Scorpio pickup to the States, but ...
Mahindra Reva targets 30,000 sales over the next three years
India's Mahindra Reva Electric Vehicles aims to sell 30,000 cars by 2015, encouraged by government policy support for the industry, the company CEO announced. At the Auto Expo in New Delhi ...
Report: Dongfeng interested in Saab assets
State-owned Chinese automaker Dongfeng Motor Corporation wants to buy the remaining assets of Saab, of which the most important is the Trollhattan plant, according to a report from Chinese media ...

latest automotive news
Test Drive: Mercedes-Benz GLA 220 CDI
The Mercedes compact family has a new member – the adventurous GLA crossover. That means the lower-end of the luxury ...
The Nurburgring has a new owner – Viktor Kharitonin
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Mazda2 Sedan going to Thailand Motor Show
Mazda will be officially pulling the wraps off a new body style of the Mazda2, the Sedan, at the 2014 ...
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New spy photos with the new Mercedes-Benz CLA Shooting Brake have surfaced and they are showing the model in question ...
Mercedes-Benz GLE Coupe caught on camera
Our spy photographers have caught on camera recently the brand new Mercedes-Benz GLE Coupe while it was being tested out. The ...
Meet Karl – Opel’s new entry-level city car
The German based automaker Opel is planning to introduce a new five-door entry-level city car, called Karl, sometimes next year. Opel ...
Recall roundup: Fiat Chrysler Automobiles’ vans and SUVs for two separate problems
Fiat Chrysler Automobiles has announced two separate recalls which are covering several vans and SUVs in the United States because ...
Hyundai milestone: 10 million Elantras sold
The South Korean based automaker Hyundai has officially announced the selling of over 10 million units of the popular Elantra ...
Mercedes-AMG GT is almost sold out for 2015 and 2016 model years
The Mercedes-AMG GT has been almost sold out across the globe for the 2015 and 2016 model years. Even if it ...
Recall roundup: Ford Edge and Lincoln MKX
Ford has issued a recall for several Edge and Lincoln MKX vehicles because of a problem with corrosion. The North American ...
BMW M4 Special Edition GTRS4 by Vorsteiner going to SEMA
The aftermarket specialists from Vorsteiner have officially announced the official introduction of the BMW M4 Special Edition GTRS4 at the ...
Another Ferrari LaFerrari is up for sale
Another unit of the impressive Italian hybrid supercar Ferrari LaFerrari is up for grabs, this time in the United Arab ...
Takata debacle puts GM’s mishaps under the shade
The year started off incredibly hard for General Motors, after a February recall that led to lawsuits, a total rethink ...
2015 Ford Everest to be unveiled in November
The North American based automaker Ford is planning to officially pull the wraps off the 2015 Everest in mid-November. The 2015 ...
Three new Scion Concept cars going to SEMA
Scion has announced its plans to introduce no less than three new concept cars at the upcoming 2014 SEMA Motor ...
US: October sales expected to remain strong
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Meet the AeroMobil 3.0 – a functional flying car
The Slovakian based company called AeroMobil has officially unveiled the third generation of its flying car, named suggestively the 3.0. Mankind ...
US: Dodge restarts production of the 2014 Viper SRT
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