Aston Martin Raising Funds For New Models: Report
Aston Martin is reportedly looking to secure more funds to step-up its recovery effort, with a view to producing new models. According to Reuters, two unnamed sources with internal knowledge of Aston matters reportedly said that the long-rumoured cross
Aston Martin is reportedly looking to secure more funds to step-up its recovery effort, with a view to producing new models.
According to Reuters, two unnamed sources with internal knowledge of Aston matters reportedly said that the long-rumoured crossover SUV is among them.
But it may hinge on new boss Andy Palmer’s ability to turn the carmaker’s finances around, with Aston’s recovery strategy now extended by three years to 2020.
The carmaker plans to issue new shares and bonds in order to raise the necessary cash, which it hopes will fund the SUV along with luxury sedans and hybrid models in the future.
"It's an expansion from the current model range," a source said, wishing to remain anonymous.
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