Seasoned Car Company Buys Stake in Aston Martin

Businessman Ben Ripstein leads Midwest Motors, Inc., a provider of a luxury cars ranging in type from Aston Martins to BMWs, in his role as its president. Under Ben Ripstein’s guidance, the company has acquired desirable models like the 2012 Aston Martin V8 Vantage S and 2011 Bentley Continental Flying Spur Speed for sale.

Recently, the luxury car market underwent something of a change as Daimler purchased a portion of iconic manufacturer Aston Martin. The purchase comes after a deal recently agreed to by Mercedes-AMG and Aston Martin for the development of innovative V8 engines for the latter manufacturer’s upcoming vehicle lines.

In all, Daimler took up a 5% share in Aston Martin, though its newly acquired stake fails to qualify it for voting rights. The hope for both companies is that the deal will help Aston Martin shoulder the cost burden of designing fuel-efficient sports cars in an increasingly competitive luxury marketplace.

Other British luxury manufactures like Rolls Royce and Bentley fall under the auspices of major international businesses like Volkswagen and BMW, giving them a funding advantage over independent Aston Martin.

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