Photo: Aston Martin
It is now official. Aston Martin has sold a 37.5% stake of the company to the Italian private equity firm Investindustrial, for £150- (€185- / $240-) million. The Italians beat the Indians from Mahindra in their quest to get a piece of Aston, as well as another interested party, Geely of China.
Officials have now announced that the money will be used to fund a £500-million ongoing project to develop new technologies, over a period of five years. Curiously, one of the perks of being bought by Investindustrial was the possible partnershop between Aston Martin and AMG, but no mention whatsoever was made of the matter, according to autonews.com.
With the new injection of much-needed cash, perhaps Aston can now finally rid itself of its gas-guzzling engine lineup, in favor of much more modern motors, as they are very far behind ‘the pack’ when it comes to engine technologies. The next five years will prove vital for them, and they need to invest the money wisely, otherwise they may end up for sale, again.
With the new injection of much-needed cash, perhaps Aston can now finally rid itself of its gas-guzzling engine lineup, in favor of much more modern motors, as they are very far behind ‘the pack’ when it comes to engine technologies. The next five years will prove vital for them, and they need to invest the money wisely, otherwise they may end up for sale, again.
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