Post Tagged with: "sports cars"

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BMW thinks sports cars might be a thing of the past

BMW thinks sports cars might be a thing of the past

The largest premium automaker in the world, a renowned producer of sports cars is now seeing the peak of one of its most important segments past and in the rear-view mirror. BMW AG thinks that today buyers have changed their view of the glorified sports car, ultimately seeing the segment […]

Recall roundup: Several Aston Martin vehicles

Recall roundup: Several Aston Martin vehicles

The British based automaker Aston Martin has recently announced a recall for several of its models because of a problem with the accelerator pedals. According to the National Highway Traffic Safety Administration, a total of 5,001 vehicles produced by Aston Martin will be affected by this recall and their owners […]

Wiesmann goes into bankruptcy

Wiesmann goes into bankruptcy

In a sad turn of events, German sports car manufacturer Wiesmann has reportedly filed for bankruptcy, without revealing the motives. The process was made to a German district court in Münster and it didn’t specify any of the financial details that led Martin and Friedhelm Wiesmann to this point. Unfortunately, […]

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 […]

Mahindra & Mahindra favorite to take over Aston Martin

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 acquisition of Aston Martin is Italian private equity fund Investindustrial, according to unnamed sources aware of these talks quoted […]

Ascari brand to be sold to Chinese company, report says

Ascari brand to be sold to Chinese company, report says

Dutch car manufacturer Ascari Cars is for sale, with the owner revealing that he has already found a new buyer. Due to business reasons, Dutch businessman Klaas Zwart did not reveal the name of the interested buyer, but according De Telegraaf’s Autovisie it could be a Chinese car brand. 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 […]