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USA, United States
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Aston Martin sells 38% stake to Italians to raise cash
Fri, 07 Dec 2012Aston Martin today announced a deal with Italian private equity fund Investindustrial, securing a £150m investment to own a 37.5% stake in the business. Aston Martin hopes this should secure the long-term future of the beloved but hitherto financially wobbly sports car maker. Together with the new owners, it announced a £500m investment in future product.
Extra Terrestrial Vehicle sells for $100k on eBay
Mon, 07 Oct 2013It would be tempting to start this gallery with a 1950s B-movie style 'IT CAME FROM OUTER SPACE' voiceover, complete with spooky, slightly surreal sci-fi music. And such is the styling of this ETV – or Extra Terrestrial Vehicle – you might forgive us for doing so. But while the ETV can't quite zoom to the moon, it did sell on eBay for a sky-high price.
Some secured lenders object to quick sale of Chrysler
Mon, 04 May 2009A minority group of Chrysler LLC secured lenders has objected in bankruptcy court to the quick sale of Chrysler to a new corporate entity led by Fiat S.p.A. The group of about 40 banks and hedge funds holds about $3 billion of the $6.9 billion in secured loans that Chrysler has with the banks. Four major New York banks holding $4 billion of that debt agreed last week to settle for $2 billion in payment for the $6.9 billion owed.