It appears that Indian truck manufacturer Mahindra & Mahindra has pulled out of the race to buy Aston Martin due to the British automaker’s current financial situation.
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Indian automaker Mahindra and Mahindra is hoping to close a deal on Aston Martin by the end of this week, having topped a previous offer from Italian private equity firm InvestIndustrial.
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According to reports, a 50-percent stake in Aston Martin could be sold before the end of the month, despite claims from CEO Ulrich Bez that the brand is not for sale.
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Aston Martin CEO Ulrich Bez just confirmed that the British luxury automaker is not for sale, at least for the time being.
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