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

Article by Christian A., 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.

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