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Aston Martin & Investindustrial officially tie the knot

 Aston Martin & Investindustrial officially tie the knot
Aston Martin Centenary Edition Vanquish

Company receives £150 ($223.7 / €177.1) million for a 37.5 percent stake

Aston Martin has successfully completed their previously announced partnership with Investindustrial.

According to the terms of the deal, Aston Martin will receive a £150 ($223.7 / €177.1) million investment from Investindustrial in return for a 37.5 percent stake in the company. The money will be used for a "significant new product development program" that will enable Aston Martin to have an "ambitious growth strategy." In total, Aston Martin and its partners will invest more than £500 ($778.8 / €589.4) over the next five years to rejuvenate their product lineup.

Additional information is limited, but Investindustrial Chairman Andrea Bonomi has previously confirmed Aston Martin is in talks with Daimler and "other manufacturers" to jointly-develop engines and electrical components for future models.

Despite the influx of new funds, Aston Martin confirmed production will remain in Gaydon, England.

Source: Aston Martin

ASTON MARTIN CONFIRMS INVESTINDUSTRIAL PARTNERSHIP

1 May 2013: Gaydon. Aston Martin today confirms that the Investindustrial partnership previously announced in December 2012 has been completed. The deal brings £150m of investment in the form of a capital increase.

The investment underpins a significant new product development programme of more than half a billion pounds over the next five years. With the support of major shareholders The Investment Dar, Adeem Investment and, now, Investindustrial, Aston Martin is well positioned to realise its ambitious growth strategy.

Details of this year’s first quarter results will be announced to bondholders later in May.

Aston Martin production will remain at the luxury British marque’s global headquarters at Gaydon in Warwickshire, a purpose-built facility where a skilled workforce assembles the current range of sports cars.

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Comments (5)

inlinesix
Right now every Aston is based on the 10-year old VH platform. The V12 is two Ford Duratec V6s from the late 90's and the V8 is a Jag AJV8 from the mid 90's. The design language was created by a guy who left Aston 9 years ago. Yeah, they desperately need new product development.
May 1, 2013 7:34 pm
2 0
IGoSlow
Thank you. Couldnt have said it better myself.
May 2, 2013 3:18 am
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SorryMyBadEnglish
They need their own V8 and V12 aluminium block engines.
May 2, 2013 6:12 am
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BanfSnieder
I hope "significant new product development program" and "ambitious growth strategy," doesn't mean "SUV".
May 1, 2013 5:09 pm
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dbehmoaras
It might not mean that, but it might mean either a mid-engined supercar or a vantage based sport sedan (ie mini rapide, they'll call it the quickie!).
May 1, 2013 5:40 pm
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http://content.worldcarfans.co/templates/0/18