About a month ago, it was revealed that Aston Martin was seeking additional funds to develop some new technologies as well as additional models beyond the planned replacements for the Vantage and DB9 sports cars. This week, the chairman of key Aston Martin investor Investindustrial, Andrea Bonomi, confirmed that the Italian private equity firm will pledge the necessary funds required by Aston Martin.
“Aston has an industrial plan which is growing in its ambitions and we have always planned to participate in all funding needs that Aston has,” Bonomi told Bloomberg. “If Aston needs capital, we’re there.”
Bonomi said Investindustrial has no plans to sell its 37.5 stake in Aston Martin anytime soon (the rest is owned mainly by Kuwait’s Investment Dar), explaining that it bought into the British sports car marque with a view of owning its stake for 7-10 years, and that he helped poach long-time Nissan product chief Andy Palmer to serve as CEO during these decisive years. Investindustrial is hoping to get Aston Martin’s annual sales to around 8,000 units, up from about 4,000 at present.
Bonomi also confirmed that Palmer will reveal Aston Martin’s future plans at the 2015 Geneva Motor Show in early March, and that these plans may include the confirmation of the long-mooted SUV. The Lagonda concept from 2009 showed what an Aston Martin SUV might be like. Other rumored developments include a sedan and hybrid technology.
The Geneva Motor Show gets underway March 3, so we should have more details soon. To see what else will be at the show, head to our dedicated hub.