Aston Martin is to receive a £150m investment from Italian private equity firm Investindustrial in exchange for a 37.5% stake in the business. The luxury carmaker will put the money towards the more than £500m it plans to spend on new models and technologies over the next five years.
Kuwait’s Investment Dar retains its major shareholding in the carmaker. Aston Martin has been looking for fresh investment to allow it to compete with rivals such as Porsche and Ferrari.
The company was sold in 2007 by Ford for £479m to a consortium led by Investment Dar.
It has since expanded into China, but sales in the UK and North America have been hit by the financial crisis.
Source: BBC News - Aston Martin sells stake to Investindustrial
What do you guys think? is this ploy to hide the financial crisis they might be in yet again or a genuine need to bring investment into the business to expand operations? :hmmm:
