Kuwaiti investor takes 40% stake in UK's Prodrive

>> Sunday, January 4, 2009

Kuwaiti investment firm, The Investment Dar (TID), has taken a 40% stake in Prodrive, the UK motorsports and technology company announced today. The investment is the culmination of a year's worth of planning and talks that identified the benefits of the buy-in to both TID and Prodrive. "Our business is ultimately about helping our customers to sell cars, not only their current models, but future products as well. I see a great opportunity to expand our current work developing the new generation of environmental technologies such as hybrid cars, hydrogen fuel cells and variable compression ratio engines.

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