Some particularly excellent news crossed the wires late last week and that was the injection of fresh capital to Aston Martin.
After driving the V8 Vantage S -- and now Vanquish -- I can confidently say that this is one of my favorite automakers so hearing this news relieved me quite a bit.
According to reports, a U.K.-based company Investindustrial will take a 37.5 percent stake in Aston. This will leave 62.5 percent of the organization currently held by Kuwaiti investors.
These funds are expected to lead Aston Martin into further research and development of future products. As we've seen in its latest launches, the Vanquish and DB9, Aston has been making strides to make its products more competitive in the high-performance marketplace.
The heralded marque has always been in a bit of a precarious situation as its vehicles are traditionally brought to makret as grand tourers, yet are priced in the same ballpark as the Italian exotica. Hopefully this new cash will allow the British company to meet its tech-savvy competition more directly.
The future of Aston Martin looks more assured thanks to an injection of £150million from European investment group Investindustrial...
...Aston chairman David Richards said: "Investindustrial’s new investment reflects and sustains the unique position of Aston Martin within the industry. With this partnership and the continued commitment of The Investment Dar, we look forward to working with our shareholders as we realise our vision and exciting future plans..."