Aston Martin could be sold this week

26 Nov, 2012 4:00pm Luke Madden

Two bidders are said to have made offers for a major stake in Aston Martin

Part of Aston Martin is still reportedly up for sale, with Indian manufacturer Mahindra & Mahindra and Italian firm Investindustrial both placing offers for a stake of up to 50 per cent in the company.

Mahindra is believed to have made the highest offer to Aston Martin’s current owners, Investment Dar Co. but Investindustrial may hold the upper hand because of a technical agreement it has with Daimler. This would allow Mercedes to provide Aston with expertise and technology.

Sources at Aston Martin have reaffirmed its stance on the matter, claiming the company isn’t for sale.

Investment Dar Co. bought Aston Martin for £479 million in 2007, and the company was previously owned by Ford.

The company posted a pre-tax loss of £33.1million last year, compared to pre-tax profits of £6.9million in 2010.