Aston Martin deal finalised

A deal giving Aston Martin £150m of investment has been completed and Rapide S Hydrogen racer completes its first lap of the Ring.

Aston Martin Rapide S hydrogen racer

Aston Martin has confirmed that the company's recent partnership with investors Investindustrial, has now been finalised – securing a £150m cash injection for future product development.

The deal was announced at the end of last year, following rumours that the company could be on the market. The £150m will support Aston's £500m five-year product plan, which is needed to move the Aston Martin range forward, and up-to-date, with possible tie-ins with other manufacturers.

News of the successful deal comes just days after company director Dr Ulrich Bez completed a successful test of Aston's upcoming Hydrogen-powered Nurburgring 24 racer.

The Rapide S race car is fitted with a hybrid powertrain, developed by technical partners Alset Global, which successfully completed a zero-emission lap of the Nordschleife running on pure hydrogen. The plan is to race the car, and complete a number of laps on pure hydrogen.

Following the announcement, Aston Martin also confirmed that production would remain at Gaydon.

Most Popular

2022 BMW M3 Touring spied ahead of reveal
BMW M3 Touring
BMW M3 Touring

2022 BMW M3 Touring spied ahead of reveal

Photographers have spotted the upcoming M3 Touring testing on the Nürburgring before it reaches customers next year
14 Oct 2021
Used car deals of the week
Used cars 14th Oct 21
Features

Used car deals of the week

Here's what caught evo’s fancy this week on the second hand car market
14 Oct 2021
2022 Honda Civic Type R spied – will it live up to its superb predecessor?
2022 Honda Civic Type R
Honda Civic Type-R hatchback

2022 Honda Civic Type R spied – will it live up to its superb predecessor?

The next-gen Honda Civic Type R has big shoes to fill, but first indications suggest it’ll have it sorted
13 Oct 2021