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Fears have been raised over the future of Aston Martin
By | September 30, 2009
Aston Martin’s future is blurry after it had been reported that Kuwait’s Investment Dar, which owns half the company, confirmed that it had problems refinancing its debt. Affected by the economic downturn, Investment Dar said that it has signed an agreement with investors and creditors to freeze claims, allowing it to have more time for restructuring.In 2007, a consortium led by Dave Richards bought Aston Martin from Ford for £480 million to get the majority stake. Part of the funding for Dar’s
Source:Fears have been raised over the future of Aston Martin
Topics: Hydrogen Fuel Cell |
