Shareholders of Aston Martin have agreed to a £ 125 million capital injection, some £ 138.5 million. This should turn the tide for the somewhat troubling British brand.
This is the third major capital injection this year, reports Automotive News Europe. Mercedes-Benz previously took a firm interest in the brand, with which it already cooperated extensively by supplying engines, among other things.
Aston Martin’s largest shareholder, billionaire Lawrence Stroll, also invested heavily in the brand earlier this year. What is to be done in concrete terms with the new capital injection is not specified. Aston Martin has not been doing so well for a long time, while the brand still has four fresh, young models in its range. The sales figures of ‘entry-level’ Vantage are disappointing, but perhaps the Aston Martin DBX, an SUV, can turn the tide.