Sky falls in on As­ton Martin

NT News - Motoring - - SPORT -

AS the lat­est Bond film opens over­seas, news has leaked that 007’s favourite car brand is for sale.

The ma­jor­ity share­holder in As­ton Martin has re­port­edly al­ready been talk­ing to po­ten­tial buy­ers, in­clud­ing Toy­ota and In­dian gi­ant Mahin­dra. Bond fans might con­sider the move is per­fectly timed, with price­less free mar­ket­ing around the ap­pear­ance of a vin­tage As­ton Martin DB5 in the lat­est 007 movie Sky­fall— the 11th in which the British lux­ury car has fea­tured.

Sky­fall hits Aus­tralian cine­mas on Novem­ber 22, but is al­ready rak­ing in box- of­fice tak­ings over­seas that could see it be­come the big­gest-gross­ing film in the se­ries. The pub­lic­ity could help Kuwaiti com­pany In­vest­ment Dar — which holds 64 per cent of As­ton Martin— sell its stake.

In­vest­ment Dar has ap­pointed Roth­schild bankers to con­sult on the sale, ac­cord­ing to a re­port by busi­ness web­site Bloomberg.

The ar­ti­cle said the sell­ers have hit a hur­dle over price, with po­ten­tial in­vestors un­will­ing to shell out the $769 mil­lion ask­ing price.

As­ton Martin last year made a be­fore-tax profit of just $117 mil­lion.

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