Thanks to funding from new investor Investindustrial and previous shareholder Investment Dar, Aston Martin finally has the cash to invest in a new generation of sports cars as well as the semi-official revival of its Lagonda marque. And it appears the investors are calling all the shots.
“Is there a deadline, you’d have to ask them [the shareholders],” Aston Martin design boss Marek Reichman told Drive. “I will say that we have a remit from our shareholder body as a management team to continue with the path we have taken—it’s agreed.”
Reichman is among the potential candidates for the top job, along with CFO Hanno Kirner who is helping with the day to day running of the business, and he explains that it might be some time before a new CEO is appointed for Aston Martin.
“As a management team, they have the confidence in us to carry on and continue,” he said. “It begs the question, do you [need a CEO]?. At the end of the day, it is a question that will be answered by the shareholders.”
Aston Martin has started upgrading its production facilities for its new generation of sports cars, some of which will be powered by engines sourced from Mercedes-AMG. The cars will be based on a new modular platform due for its debut in 2016 in the next-generation DB9. The automaker says it expects to be profitable after this date.