Aston Martin set to float

Time 8:04 pm, June 5, 2008

LUXURY car maker Aston Martin is set to be floated on the London Stock Exchange in what is being viewed as one of the most sought after offerings ever seen.

The Daily Mail has reported that the listing could value the business at around £500 million. The paper said it will give hundreds of thousands of Aston Martin fans a chance to own a slice of the iconic car manufacturer at a fraction of the cost of one of its models.

Aston Martin chairman David Richards says the company will go public in three years’ time to help fund the next round of its expansion.

Meanwhile, fellow luxury car maker Bentley has recalled 33,000 cars – just over 7,500 of which are in the UK – after faulty fuel filters were spotted.

The Daily Telegraph reported that the problems were found in the UK, Russia and Switzerland during routine servicing.

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