Skip advert
Advertisement

Aston Martin sues Swiss car dealer over Valkyrie deposits

Aston is suing Nebula Project over Valkyrie deposits worth £15m that were allegedly taken from customers but not passed on to the parent company.

Aston Martin Valkyrie

A dispute over deposits for Aston Martin’s Valkyrie hypercar looks to be heading to court after the British company opened legal proceedings against Swiss dealer Nebula Project. Aston Martin accuses the dealer of withholding deposits taken for the £2.5m, V12 machine after the pair entered into a contract in 2016.

Under the agreement, Nebula would help finance the development of the Valkyrie by finding customers and would receive commission on any sales. It took a number of deposits for cars that Aston Martin says it has not received. 

The manufacturer has now terminated its relationship with Nebula Project but insists that it is committed to working with the affected customers to make sure they still get their cars on time. Aston Martin has also ended its relationship with a number of other companies in Switzerland linked to Nebula Project, including the operators of the Aston Martin St. Gallen dealership.

In a statement to the Stock Exchange, Aston Martin says that the episode is expected to cost the company in the region of £15 million in profits but that it is still on target to reach 10,000 sales and £500m in pre-tax profits by 2025. Since it signed the deal with Nebula in 2016, Aston has received investment from Mercedes-Benz further strengthening its technical partnership, while Lawrence Stroll has taken a majority share in the business, appointing himself as Executive Chairman and replacing Dr Andy Palmer with former AMG CEO Tobias Moers. Between them Project horizon has been created, built around expanding the DBX GT and sportscar families, committing to the mid-engined Valhalla and Vanquish supercars as well as focusing the company on an electric future beyond 2025.

Around 200 examples of the Aston Martin Valkyrie are scheduled to be built with all having already found owners, but this groundbreaking halo car will still be central to the brand’s profile and future growth. A technological tour de force with a Cosworth-developed 6.5-litre V12 revving to an incredible 10,500rpm, the car generates a total of 1,160bhp with KERS-style hybrid assistance. Although delayed by the COVID pandemic, the first Valkyrie deliveries are expected before the end of this year.   

Skip advert
Advertisement

Recommended

Aston Martin Valkyrie 2025 review – 700 miles in the world's most extreme hypercar
Aston Martin Valkyrie front
Reviews

Aston Martin Valkyrie 2025 review – 700 miles in the world's most extreme hypercar

Aston’s Newey-designed hypercar astonishes on road and track, but is it the best thing ever to wear number plates, or too uncompromising for its own g…
7 Jul 2025
Driving the Aston Martin Valkyrie to Le Mans – car pictures of the week
Aston Martin Valkyrie Le Mans
Features

Driving the Aston Martin Valkyrie to Le Mans – car pictures of the week

Retracing the tyre tracks of the victorious 1959 Aston Martin racing team, we drive the marque’s odds-defying hypercar from Silverstone to Le Mans.
14 Jun 2025
Fernando Alonso’s Aston Martin Valkyrie has arrived
Fernando Alonso with his Aston Martin Valkyrie
News

Fernando Alonso’s Aston Martin Valkyrie has arrived

The Valkyrie is a company car that sounds better than Alonso’s ‘work hack’, is built with similar materials and methods and is very nearly as fast. On…
4 Sep 2024
Skip advert
Advertisement

Most Popular

£15k off Alfa Romeo Stelvio Quadrifoglio super SUV
Alfa Romeo Stelvio Quadrifoglio
News

£15k off Alfa Romeo Stelvio Quadrifoglio super SUV

If you have to have an SUV, a Stelvio QV is acceptable. Now it's being heavily discounted.
8 Jul 2025
New Aston Martin Vantage S revealed – Ferrari Amalfi rival is more powerful and focused
Aston Martin Vantage S front
News

New Aston Martin Vantage S revealed – Ferrari Amalfi rival is more powerful and focused

With a bump in power output among myriad detail changes, the Vantage S could be the ultimate driver’s Aston
8 Jul 2025
MST Mk1 Sports is a more affordable less extreme Ford Escort recreation
MST Ford Escort front
News

MST Mk1 Sports is a more affordable less extreme Ford Escort recreation

Costing a tenth of most made-new classics, the MST Mk1 Sports is comparatively accessible
8 Jul 2025