Arab firm buys 25% of HWA

[Zafiro]

If you still haven’t heard of HWA get ready for things to change because the motorsports company and Mercedes-Benz racing division is currently developing several new models including a high-performance coupe slotted between the SLR supercar and the SL55 AMG. HWA was founded in 1967 by Hans-Werner Aufrecht, one of the founders of AMG, and is best known for being Mercedes’ official DTM partner as well as developing the awesome CLK-GTR.

The Arab firm Nasser Bin Khaled (NBK) of Doha, Qatar, has now confirmed that it will buy 25% of the company’s shares at a price of €27 per share, reports Thomson Financial. This will entitle NBK to delegate a representative as a member of HWA’s Supervisory Board.

HWA is just the latest in a long line of performance brands whose shares are being bought by Arab investors. Aston Martin is now 50% owned by an Arab investment firm, as well as McLaren, which is now 30% owned by the Bahraini government run Bahrain Mumtalakat Holding Company. Then of course there’s the Abu Dhabi government run Mubadala Development Company, which owns a 5% stake in Ferrari as well as a stake in the Spyker F1 team.

 

[Merc1]

Long as that monster SL comes to market correctly I don't care who owns what. Mercedes-Benz/HWA still in charge!

M

 

[SDNR]

The wealthy Arab countries are likely to be a main market for HWA's cars so...

 

[Centurion]

The Arabs are buying up every thing. First Barneys, a stake in Boeing, HWA and AMD. If only the nations in Africa with gold and diamonds got their act together and used the money from diamonds properly instead of letting chubby dudes in Antwerpen rip them off, countries like Angolo and Sierra Leone would be well off now.

 

[SDNR]

^^ I think it is a very smart move. If the oil is starting to run out like we are often told, then this is a good time to start investing some of that massive wealth.

 

[Centurion]

^^ I think it is a very smart move. If the oil is starting to run out like we are often told, then this is a good time to start investing some of that massive wealth.

They are preparing for the future. I like the way the UAE is being governed. The deregulation of the economy is what has allowed cities like Dubai to grow fast and become a metropolitan hub for the middle east. Very different from other third world counties where the government engage in monopoly, have expensive license fees for people who want to start business, employ greedy politicians and have high levels of protectionism.

Protectionism if off course necessary in order to protect the domestic economy and to prevent foreigners from taking over the country(ex. South Africa). But the UAE has maintained a good balance and other nations have a lot to learn from the country as well as Malaysia and Singapore.

 

[SDNR]

^^Free market capitalist Lu ...from socialist Sweden LOL

I agree Lu, the UAE is serious about making Dubai a major economic centre for the 21st century. The world sure is changing. The US is going to see some major changes as it will no longer be the single-largest consumer market on earth ...and could very soon have its first non-white President. Europe is more culturally and ethnically diverse than ever before, the old class systems are vanishing very rapidly, and westerners are much more aware of Asia and the Middle East. Science and technology is changing the world in ways that were completely unimaginable only a few decades ago. Unfortunately, the threat of global terrorism still looms, as do economic and environmental concerns, but we are living in exciting and very interesting times.

 

[Centurion]

Moi, free market capitalist? Neva, I'm to humble for that

I'm somewhere in between. Capitalism has it's ugly side, but a little dose of it is the best way to make a poor nation's economy grow. Foreigners bring with them knowledge like missionaries, they also invest which result in more jobs.

Just look at how well some of east Asian nations are doing. Globalization can to wonders Rob Deregulate the nation and the economy will blossom.

Maybe I should pursue a career in politics?

 

[far2000]

They are preparing for the future. I like the way the UAE is being governed. The deregulation of the economy is what has allowed cities like Dubai to grow fast and become a metropolitan hub for the middle east. Very different from other third world counties where the government engage in monopoly, have expensive license fees for people who want to start business, employ greedy politicians and have high levels of protectionism.

Protectionism if off course necessary in order to protect the domestic economy and to prevent foreigners from taking over the country(ex. South Africa). But the UAE has maintained a good balance and other nations have a lot to learn from the country as well as Malaysia and Singapore.

wats south africa got 2 do with this? sorry, but i dnt follow..