Aston Martin Sale: Geely joins the bid

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The three-way race between Toyota Japan , M&M India and Investindustrial Italy to grab the famed British car maker Aston Martin has suddenly witnessed a new entrant in the form of Zhejiang Geely Holding Group Company Limited aka Geely of China. You would recollect Geely has already bought Volvo from Ford Motor Company in 2010 for $1.8 billion.

The Investment Dar (TID) that holds 64% stake in Aston Martin has reportedly demanded $800 million. Considering the expertise of Geely handling an internationally reputed brand like Volvo, they seem equally credible for the acquisition. As was the case during the Volvo purchase where Geely involved the local Government to be part of the transaction, it is rumoured that they would venture via the same route for Aston Martin as well.

Via CarNewsChina

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