The Future Of Aston Martin Remain’s Unknown Despite The Rumours.

Aston Martin, which is currently owned by a Kuwait investment firm is rumoured to have received two 50% buy out offers by an Italian and Indian firm.

Italian private equity fund investindustrial who currently have a stake in Ducati are said to have made an offer for 250 million while India’s Mahindra and Mahindra, the world’s largest tractor manufacturer are understood to have made an even higher offer, unknown to the public.

Aston Martin is known throughout the world for its association for being the choice of vehicle for the British secret service, in reference to the James Bond franchise. Aston Martin was first featured in the 1964 film, Goldfinger featuring Sean Connery. The company which is based in Warwickshire, UK will be celebrating its 100th anniversary next year. The company however remains very small operating in a niche market selling only a few thousand units a year at an average market price of 100,000.

When the Kuwait investment firm bought out Ford in 2007 for 479 million, they promised great things, however many experts in the industry argue little has been accomplished. Although the share has been increased in the emerging Chinese market, the Europe and American markets have yet been accomplished.

The firm announced a pre tax loss of 33.1 million in 2011 and are expected an even higher loss in 2012. Rumours suggest the company will be selling the 50% stake with the aim to invest in the brand’s research and development sector.

It is important to note, both the Italian and Indian firm’s interest have yet been confirmed and Aston Martin have even reassured that the company is not for sale. The rumours first became public at the start of November 2012. Although India’s Mahindra and Mahindra are rumoured to have made the highest offer, Italy’s investindustrial are said to have an upper hand because of their connection with Mercedes Benz.

Gap insurance protection is a popular form of cover for Aston Martin vehicles. Figure such as 600,000 cars are written of each year in the UK* and that the average vehicle looses half its value within the first three years* do still apply to Aston Martin vehicles, therefore protecting the vehicle with Gap insurance is a priority to many. There is a high chance that Daniel Craig took out Gap insurance cover for his Aston Martin DB5 model in the recent James Bond film €Skyfall’ that premiered in November of this year.