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American auto makers are not the only ones who undergo some hard times. Investment Dar, the Astin Martin investor from Middle East, says it is time to consider the selling a minor part of the shares of the British manufacturer.
Reuters claims even if some of the stock is sold, the company will still be the main shareholder. Investment Dar is watching the initial public offers on London Stock Exchange in 3-5 years. The Chairman Richards says the company will probably divest 50% Aston stake by 2013.
Meanwhile, the British manufacturer works on the new project for the 2009 Geneva Auto Show in spring. The first computer-designed image appeared at 4WheelsNews.com showing the rear three-quarter view of the Rapide. The upcoming sedan has panoramic glass roof merging into the rear windshield, fastback rear end and bulging rear fenders. Rapide is expected to be a 500-horsepower car.
Aston Martin plans to have the smoothest audio system in the luxurious DBS among all the other cars from various auto makers.
The British car manufacturer chose the Auto Show in Paris to be the place of presentation of their new creation.
Since there have been a lot of talks and unpleasant issues after the major Toyota recall, National Highway Traffic Safety Administration has decided to set new auto safety rules which would not allow the same problem to happen again. At the congressional hearing two days ago, the new administrator, David Strickland, has announced them.
Daimler AG has announced that is sold 5.34% of the stake in Tata Motors. The German company has raised more than $400 million for the shares it did not want to hold any more.
BYD is the Chinese battery and EV specialist which has recently decided to form a joint venture with the German Daimler AG. Although the companies are going to work together on many projects, Chinese media has announced that BYD is not planning to share its core technology on lithium-ion batteries and EV systems with the partner.