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China’s Geely wants to buy Aston Martin

Published on December 6, 2012 by W.E. Ning

China's Geely wants to buy Aston Martin

Chinese media reports that Geely is in the market for Aston Martin. Geely reportedly wants to use the ‘Volvo mode’ for buying Aston, meaning they will try to convince local and provincial governments to join the bid, either directly or via a separate investment vehicle.

The current majority shareholder of Aston Martin, Investment Dar Inc from Kuwait, wants to sell its 64% stake for some 800 million USD. Geely paid 1.5 billion USD for Volvo in 2010, so raising 800 million for Aston Martin seems possible. Geely however is not the only bidder, Toyota and BMW are in the race as well. More as we get it. Via: Sohu.

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  1. Chinese Media: Geely Covets Aston Martin |- December 7, 2012 Reply

    [...] (translation around Carnewschina) has it that Geely CEO Li Shufu has a hots for a British marque and wants to buy it just like he [...]

  2. Chinese Media: Geely Covets Aston Martin | All Season Tire Review- December 9, 2012 Reply

    [...] (translation through Carnewschina) has it which Geely CEO Li Shufu has the hots for the British marque plus would like to purchase it [...]

  3. Chinese Media: Geely Covets Aston Martin | Aftermarket Leads- December 9, 2012 Reply

    [...] (translation via Carnewschina) has it that Geely CEO Li Shufu has the hots for the British marque and wants to buy it just like [...]

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