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	<title>Abstract AutoAbstract Auto &#187; Tags Archives for  aston martin</title>
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		<title>$100 Million Bond Default – Aston&#8217;s Parent Company in Trouble</title>
		<link>http://www.abstractauto.com/100-million-bond-default-%e2%80%93-astons-parent-company-in-trouble</link>
		<comments>http://www.abstractauto.com/100-million-bond-default-%e2%80%93-astons-parent-company-in-trouble#comments</comments>
		<pubDate>Sat, 30 May 2009 10:00:24 +0000</pubDate>
		<dc:creator>michi</dc:creator>
				<category><![CDATA[Foreign Cars]]></category>
		<category><![CDATA[aston martin]]></category>
		<category><![CDATA[aston's parent company]]></category>
		<category><![CDATA[trouble for aston martin]]></category>

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		<description><![CDATA[The Aston Martin, one of the world&#8217;s most beloved cars, may be in trouble. Aston&#8217;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 [...]]]></description>
			<content:encoded><![CDATA[<p><img class="alignleft size-full wp-image-33" title="220903_aston_martin" src="http://www.abstractauto.com/wp-content/uploads/2009/05/220903_aston_martin.jpg" alt="220903_aston_martin" width="300" height="225" />The Aston Martin, <a href="http://www.abstractauto.com/the-2010-opel-astra-revealed-early-on-the-web">one of the world&#8217;s most beloved cars</a>, may be in trouble. Aston&#8217;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.</p>
<p>In the month of December in 2008, Dar was thinking about selling a 20- to 30% stake in Aston Martin in order &#8220;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.).</p>
<p>Yet, Dar remains open to selling peripheral assets to keep up its position and it is working with Credit Suisse.<br />
The Aston Martin is popular among James Bond fans, as Bond is notorious for driving his beloved Martin. <a href="http://www.abstractauto.com/vws-new-polo-is-already-taking-orders-ahead-of-launch">This car is a beautifully designed</a>, 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 <a href="http://www.abstractauto.com/the-daytona-coupe-le-mans-edition-a-serious-shelby">icing on the cake</a> and a signature design recognizable a mile away.</p>
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