Iconic Aston Martin in Mahindra bid war
Reuters: Milan, Nov 26 2012, 00:17 IST
Dar, which went to the market for a $1 billion debt restructuring last year, was not immediately available for comment, nor could M&M be reached for comment. Investindustrial declined comment. Investindustrial, owned by Italy’s Bonomi family, is not new to luxury motor brands. In 2006, it bought Italian motorcycle maker Ducati and sold it for about 860 million euros last April to Volkswagen’s Audi division.
Mahindra is the world number one tractor make. It also makes more sport utility vehicles than any other Indian motor manufacturer, and controls South Korean car maker Ssangyong Motor Co Ltd.
A second source familiar with the process said Mahindra was keen to access the Aston Martin technology to upgrade its existing vehicle platform.
Previous Story Earnings season holds out sliver of hope Next Story Coal India chief comes down heavily on critics
Reader's Comments| Post a Comment
Be the first to comment.
