Aston Martin ready to receive cash injection in order to overhaul lineup

Article by Christian Andrei, on January 30, 2015

Investindustrial S.p.A. would inject fresh funds into Aston Martin if the carmaker needs it, chairman Andrea Bonomi told Bloomberg in an interview. Investindustrial holds a 37.5-percent stake in Aston Martin. Bonomi said the private equity firm has no plans to dispose of its stake in the carmaker anytime, as the company intends to keep the investment for seven to 10 years.

He remarked that the British carmaker has an ambitious industrial plan, and Investindustrial will always be ready to take part in Aston’s funding needs. Bonomi was instrumental in recruiting Andy Palmer, former chief planning officer at Nissan, as Aston’s new chief executive.

The UK carmaker remains the only global supercar brand that is not part of a larger group, which means it would have a harder time raising enough funds for r&d needs while keeping up with other marques like Bentley, Maserati and Rolls-Royce.

Aston’s other major shareholders include Kuwaiti companies Investment Dar and Adeem Investment Co. Daimler has an agreement to acquire a 5-percent stake in Aston in exchange for supplying the UK company with engines and automotive electronics.

Bonomi said that Palmer will "give a clear indication of where the brand is going" at the Geneva auto show in March. The direction will include the possibility of Aston Martin's first SUV.

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

The 2018 model year could be an exciting year for fans and enthusiasts of the Chevrolet Corvette. This comes as the 2018 version of the Corvette is bound to feature...
by - January 19, 2017
As if seeing the future more than a decade from now, one of the top scientists in the world of robotics and automations is predicting that children born today won’t...
by - January 19, 2017
Ford has just recently unveiled the 2018 Ford Mustang, and as it turned out, the carmaker gave its beloved pony car a facelift. There have been mixed reactions about the...
by - January 19, 2017
The bidding war for one of the only 20 examples -- 21 actually, but the 00 version went to a museum -- of the classically beautiful Lamborghini Reventon built and...
by - January 18, 2017
Bentley once again confirmed its plans to push PHEV into their future lineups. As a matter of fact, the Bentayga SUV will be the first to have the plugin hybrid...
by - January 18, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries