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 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.

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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.

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

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