Aston Martin Being Shopped for Sale - Possibly to Toyota

Aston MartinAston MartinUnited Kingdom, 1914 > present62 models
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majority owner Investment Dar is reportedly looking for a buyer for its 64% share in the British sports car company. The two most likely buyers appear to be ToyotaToyotaJapan, 1937 > present155 models
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and MahindraMahindraIndia, 1944 > present12 models
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. Toyota has reportedly already completed an audit of Aston Martin to decide whether it wants to purchase the company. 

Investment Dar has hired Rothschild to negotiate the sale. The sale has been held back because it has been hard to find a buyer willing to pay Investment Dar's asking price. It is requesting $800 million (£504 million) for its shares. It paid £475 million ($848 million at the time) when it bought the company in March 2007. 

Toyota completed its audit over a month ago but has not yet moved further with buying the company. 

Investment Dar is selling Aston Martin because the investment company is trying to pay off $4.9 billion in debt. 

Aston Martin is the last major luxury automaker not to have a larger owner. 

Source: Bloomberg