Kuwaiti Company Buys 40% Of Prodrive
Wednesday, November 19, 2008 16:18 by Arman BarariAfter acquiring some of Aston Martin‘s shares, Now Kuwait’s The Investment Dar (TID) is buying almost half of UK’s famous engineering company Prodrive. Afterall under current financial circumstances, Prodrive too needs some fresh investment to keep it going. “Our business is ultimately about helping our customers to sell cars, not only their current models, but future products as well. I see a great opportunity to expand our current work developing the new generation of environmental technologies such as hybrid cars, hydrogen fuel cells and variable compression ratio engines. With our unique motorsport approach, we can rapidly take these technologies from concept to reality,” Said David Richards, Prodrive’s boss.
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