Aston Martin's majority stakeholder Investment Dar is looking to sell its $800 million stake in the British automaker according to the Associated Press. The British sports car manufacturer made the announcement on the same exact day that the newest James Bond film "Skyfall" was released in the United States.
007 has helped make the luxury car company what it is today and according to early reviews Bond, played by actor Daniel Craig, will be behind the wheel of an Aston Martin yet again. In the new film there are reportedly multiple scenes where Bond is seen driving a 1963 Aston Martin DB5.
Despite the publicity that the car company will receive this year due to the new movie, they have not had a great fiscal year so far. The state of future Aston Martin vehicles is currently unknown and now with the announcement made by Investment Dar things could be worse than experts originally imagined.
"I don't think you can truly compete without having the capabilities of a large car company behind you," said John Wolkonowicz, an independent auto analyst to Bloomberg Businessweek. "There are very few examples of sustained success without it."
Invest Dar, a Kuwaiti-based company, was part of an investment group that purchased the British auto company from Ford Motors in 2007 according to Bloomberg Businessweek. Two years after the purchase the company missed a payment on an Islamic bond. Dar then agreed to restructure an estimated $4.9 billion in debt last year.
Aston Martin has already received interest from a number of different companies including Toyota and a Indian auto company called Mahindra & Mahindra according to Bloomberg Businessweek.
Toyota has yet to comment on their possible interest in the auto company.
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