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:


Login or Create new account to add a comment!


Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016
Wondering what the Fantasy Gift in Neiman Marcus’ annual Christmas Book this year could be? If you are generous enough to give others or yourself this special present, then behold...
by - October 24, 2016
It wasn’t too long ago when Maserati took the wraps off what appears to be the most gorgeous concept coupe ever made. The Alfieri coupe premiered at the 2014 Geneva...
by - October 23, 2016
Many have been excited with the impending arrival of the next-generation Jeep Wrangler and the new 2019 Jeep Grand Wagoneer, which is slated to be the brand’s new range-topping model....
by - October 21, 2016