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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
US: senators ready to decide if the NHTSA gets new boss
Mark Rosekind, a human fatigue and pilot-alertness expert has been nominated to end the hiatus at the top of the ...
Japan: country officials worried about impact on reputation from Takata scandal
According to an official at Japan's transport ministry, if in the US Takata-equipped cars were recalled on a nationwide level, ...
US: Alfa Romeo could soon bring a new midsize sedan
According to various reports coming from Europe, the US showrooms of the resurrected Alfa Romeo premium sports car brand could ...
Lamborghini Urus SUV might be produced outside Italy
The Lamborghini Urus SUV might be produced outside Italy once it will be ready for the market, in 2017. “The raging ...
Supplier ZF says driver-assistance technologies really hot now
The German supplier ZF Friedrichshafen AG moved to purchase y TRW Automotive Holdings in September for $13.5 billion as it ...
BMW 2-Series Active Tourer gets AWD
The BMW 2-Series Active Tourer will not be offered with all-wheel drive options too, as the company has recently announced. The ...
Audi TT Coupe by ABT Sportsline in Essen
The new generation of the Audi TT Coupe has received a series of aftermarket factory items, at the 2014 Essen ...
US: Black Friday deals boost sales in November
People are not being scared by the menacing name of the now very popular discount celebration, which means that customers ...
2016 Kia Picanto spied
Kia is currently working on an updated version of the current Picanto which will be officially presented to the public ...
US: car-sharing service Uber stops operations in Nevada
Well-known ridesharing business venture Uber has announced it decided to suspend the company’s operations in the US state of Nevada, ...
2016 Volkswagen Golf R to get a manual option
A manual transmission option will be added on the Volkswagen Golf R for the 2016 model year. The 2016 Volkswagen Golf ...
Europe: future CO2 emission thresholds could be revealed next month
The European Commission should next month present the progress on upcoming emission targets for new cars to be purchased in ...
McLaren P1 crash – new image pops up
A new image with the crashed McLaren P1 has made its way onto the web, revealing the totaled 1-million USD ...
U.S. – Jaguar F-Type V8 S to be offered only in AWD specification
Jaguar will be offering the F-Type V8 S in the all-wheel drive specification only, in the United States. If you live ...
China: licensed drivers surpass the 300 million mark
The world’s largest auto market can also brag about the fact that its total number of drivers almost matches the ...
[VIDEO] This is the largest Lamborghini Aventador gathering on the planet
The largest Lamborghini Aventador gathering in the world has been hosted recently by Lamborghini Newport Beach. Lamborghini Newport Beach has hosted ...
Mercedes-AMG expects sales to double through 2017
Daimler’s Mercedes-Benz also has an internal performance car division – the well-known – AMG unit and now a top executive ...
[VIDEO] 2015 Hyundai i20 review
The new Hyundai i20 compact vehicle is the star of a review published by the guys from Which. Are you interested ...