Aston Martin Amasses $370 Million, Plans Their Future
English manufacturer Aston Martin just announced some good news: it managed to raise a large sum of money from its investors to build some new vehicles, including an SUV.
It seems that the DBX Concept unveiled in Geneva this year was popular. Aston’s investors have agreed to give it 200 million pounds (around 370 million Canadian dollars) to help it update its products. An SUV is in the works, as is a new luxury sedan which will replace the Rapide. There is also a third vehicle in the works, but we have no information whatsoever about it.
This investment is a way for investors to bring Aston Martin back to profitability; the brand is not in financial trouble, but they could be making more money.
Since the Gaydon factory won’t be able to cope with a new high-demand vehicle, the brand is looking at building a new factory to manufacture their SUV. It seems that the United States has been considered, since most of the market for this vehicle would be on our continent.