Aston Martin Gets Cash to Overhaul Lineup
With its entire model lineup based on a single architecture that is pushing 14 years old in 2015, Aston Martin is not exactly the most cutting edge luxury carmaker out there. Even though it is the only global supercar brand without a major automotive group behind it, it seems that Aston Martin still has a bright future, courtesy of a recent financial backing promise from its biggest shareholder, Italy-based equity fund Investindustrial S.p.A.
"Aston has an industrial plan which is growing in its ambitions and we have always planned to participate in all funding needs that Aston has," said Andrea Bonomi, chairman of Investindustrial at a recent press conference in Milan. "It hasn’t been decided yet, but if Aston needs capital, we’re there." Bonomi continued, as quoted by Bloomberg. Apparently, the Italian private-equity company doesn’t want to sell its 37.5-percent stake in the British carmaker anytime soon, and it made sure that the investment in Aston Martin is committed for at least 7 to 10 years.
With Daimler also owning a five percent of the luxury supercar brand, in exchange of providing it with various automotive components and bespoke Mercedes-AMG engines, it seems that Aston Martin is truly heading toward a major revamp of its product offering, with the first all-new model set to arrive sometime in 2016. The Daimler AG agreement may also gift the British carmaker with its first ever SUV, which if it gets the green light may be built on the upcoming Mercedes-Benz MHA (Modular High Architecture) platform.
Click past the jump to read more about Aston Martin’s future plans.
Why it matters
When Daimler AG boss Dieter Zetsche said that the German car giant has no interest in increasing its stake and/or outright buying the whole of Aston Martin, many analysts thought that the Gaydon carmaker will likely find itself in troubled waters by 2020. I thought so myself, actually, as Aston’s aging V/H (Vertical/Horizontal) architecture is not getting any younger and the Brits severely needed a cash infusion to develop a new one. With Investindustrial stepping in to help Aston Martin in any way it can to keep on growing, it seems that the nearby future may have indeed become brighter for the luxury car manufacturer. The only thing left to know is how much cash the Italians actually have, as developing a new sports car platform from scratch is bound to eat up a hefty amount of funding.
Source: Automotive News