Luxury sports carmaker Aston Martin could be sold to Kuwait's Investment Dar and Adeem Investment, according to media reports.
The two firms, which share Kuwait's Efad Holding as a stockholder, are expected to hold a press conference this morning.
Buying Aston Martin will give them a minority stake in US car manufacturing giant Ford Motor, which haemorrhaged £6.6 billion last year and said it planned to sell all or part of Aston Martin as a result.
Ford also plans to shed 44,000 jobs and close 16 manufacturing plants as part of restructuring plans.
Kuwait's Al-Qabas newspaper said the 15-20 per cent stake in Aston Martin would bring Ford roughly £400-£450 million.
But British motor-sport entrepreneur Dave Richards is seen as coveting Aston Martin, backed by Kuwait's Investment Dar.
The owner of carmaker Prodrive collaborates with Ford as the engineering firms builds the Aston Martin DBR9 rally cars used in the Le Mans 24-hour race.
Aston Martin made 6,500 vehicles last year and launched the new Vanquish S series.
Digg 
Delicious 
Reddit 
StumbleUpon 
Google 
Technorati 
Netvouz