Aston Martin’s Kuwait Investor Buckles Under Debt

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Kuwait’s Investment Dar, which owns half of British carmaker Aston Martin, applied and was accepted for support under a government facility set up for troubled companies as part of a debt restructuring, Reuters reported.

Problems at Kuwaiti investment firms, including Dar, led the government of the world’s fourth-largest oil exporter to approve a “Financial Stability Law” rescue package worth $5.2 billion last year, the news service said.

“Investment Dar announces today that it has started a process of legal protection under the terms of Kuwait’s Financial Stability Law (F.S.L.),” the Islamic investment firm said.END