Aston Martin Will Receive Cash Backing for Line-up Overhaul

Aston Martin is going to overhaul its assembly line soon and receive cash backing for the project.

Investindustrial S.p.A. obtains 37.5% stake in Aston Martin. The cash backing will come from this company as it is the main financial backer of the automaker. The director of Investindustrial said Auto News Europe that Aston Martin has an industrial scheme with growing ambitions. He mentioned that they had always planned to take part in all the investments needed by Aston. The decision is not taken yet, but Andrea Bonomi stressed that if the automaker needs money, his company is ready to help.

Aston Martin doesn’t appear to be a member of a bigger group of automakers, unlike almost all supercar makers. That is why it is harder for the Gaydon, a producer located in England, to fund development and research. Another company which cooperates with Aston is Daimler. It is going to provide the British automaker with high-performance AMG powertrains and automotive electronics in exchange for a 5% stake.

In such a way, Investindustrial will stay with Aston Martin during seven or ten years more.

Full information about the assembly line will be disclosed at the forthcoming Motor Show in Geneva. A SUV from Aston Martin is said to be in the pipeline.