Aston Martin seeking new long-term investors

Aston Martin’s CEO Ulrich Bez said today that the company is talking with new investors in an effort to boost capital during the global economic slowdown. Bez said that several investors are interested and a deal could be finalized by the end of this year.

Investment Dar, based in Kuwait, currently owns a 20 percent stake in Aston Martin. Bez said that the new interested parties were from all over the world and are not limited to the Middle East. He said that any new investor would have to put forth a long-term partnership.

Bez did say that Aston Martin is working to increase its presence in the Middle East as sales continue to grow in the region.

As for job cuts, Bez said that further cuts (over the 600 job cuts made in the UK earlier this year) were unlikely.

– By: The Daily Auto Edtior

Source: AutoCar