The Aston Martin, one of the world’s most beloved cars, may be in trouble. Aston’s Parent company, Investment Dar, the Kuwaiti firm that owns part of Aston Martin, has defaulted on payment for a $100 million Islamic bond which was due on April 27. Bloomberg says it is now the first Persian Gulf company to default on an Islamic bond.
In the month of December in 2008, Dar was thinking about selling a 20- to 30% stake in Aston Martin in order “to profit financially or technically.” They say it was trying to refinance its short-term debt, to use banks for 200 to 300 million Kuwati dinars ($691 million-$1 billion U.S.).
Yet, Dar remains open to selling peripheral assets to keep up its position and it is working with Credit Suisse.
The Aston Martin is popular among James Bond fans, as Bond is notorious for driving his beloved Martin. This car is a beautifully designed, sleek machine that roars perfectly for the silver screen. An expensive car, it looks like a luxury vehicle and an Indy 500 car combined. The Aston Martin grill is the icing on the cake and a signature design recognizable a mile away.