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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
Mercedes sticking with Brembo despite failure
Jul.25 (GMM/Inautonews.com) Mercedes will continue to work with brake supplier Brembo, despite Lewis Hamilton's disc failure in Hockenheim qualifying ...
Lauda rubbishes Vettel-to-Mercedes rumour
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PREVIEW – Hungarian GP 2014
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Indian showroom owner prepares a manlier Dacia Duster
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[VIDEO] Subaru WRX STI gets Gymkhana style promo
A new promotional video for the Subaru WRX STI is showing the performance sedan from a Gymkhana “point of view”. All ...
2015 Hyundai Tucson introduced
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First Ferrari LaFerrari spotted in China
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[Video] Hot Wheels brings Darth Vader’s car to life
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[VIDEO] Dodge Challenger SRT Hellcat – driver’s POV on the road
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Tesla Model S gets crashed in China
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Audi confirms SQ7 for 2016
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GM recalls – business opportunities for many US dealerships
Although a deadly ignition switch scandal, followed by a hurricane of recalls that led to 29 million cars in need ...
Ford F-35 Lightning II Edition Mustang GT introduced
The North American based automaker Ford has officially pulled the wraps off its newest creation, the new F-35 Lightning II ...
Mercedes-AMG details new 4.0L V8
Mercedes-AMG has released the first official details on the brand new 4.0 liter V8 engine which will be found under ...
Bentley tones down sales increases for the year
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2015 Honda NSX test mule catches fire on the Ring
A test mule of the brand new Honda NSX has been completely destroyed on the famous German track, the Nurburgring, ...
Ferrari F430 Spider gets crashed by kid in Geneva
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FCA now reportedly tying up with PSA
After media reports proposed a Volkswagen AG takeover deal for Fiat Chrysler Automobiles, Financial Times has moved to another speculation ...