By now you have probably heard about the sale of Aston Martin by its majority shareholder Dar investment company from Kuwait. Over the past few weeks we’ve been hearing about possible suitors; names like Toyota, and Indian Mahindra. Now there is a new player in the game, and it’s from China.
The Chinese takeover of the automotive world continues as sources suggest Geely as the latest, and strongest, possible buyer for Aston Martin. Geely successfully acquired Volvo a few years ago, and wouldn’t mind adding another European brand to the list of its companies.
Mahindra is said to be out of the race to take over Aston, for whatever reason, but Toyota is still interested in the prospect. They are still studying the British firm’s financial health to see if it’s a good purchase.
Aston is currently in its best shape, with a full lineup of great cars and growing business all over the world. The reason Dar is trying to sell it is because they have like a billion dollar debt they need to pay back with Aston money.