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.

If you liked the article, share on:

Comments

Recommended

Like it or not, Chevrolet may soon be offering a cheaper Camaro in hopes of competing with Dodge Challenger and Ford Mustang GT. Apart from the less expensive trim, the...
by - August 17, 2017
Recently, Porsche revealed a new Macan Turbo wearing a Performance Package and a unique Porsche Motorsport themed paint. At first look, it will remind you of the 919 Hybrid and...
by - August 17, 2017
The BMW M1 will be one of the most exclusive cars that will be showcased at the upcoming 2017 Pebble Beach Concours d'Elegance, alongside many other extravagant models. Firstly, there...
by - August 17, 2017
Aston Martin Vanquish Zagato makes its debut with a total of four variations including the Speedster and the Shooting Brake trims. As part of the limited edition model, the company...
by - August 17, 2017
Mitsubishi finally introduces the new Xpander MPV at the 2017 Indonesia International Auto Show in Jakarta Indonesia. Replacing the previous Expander, the new multipurpose vehicle will be mostly sold at...
by - August 16, 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