Aston Martin announces partnership

Aston Martin's main shareholder has sold a major slice of the company to former Ducati owners, Investindustrial.

Aston Martin announces partnership

Aston Martin has announced that Italian Investment firm Investindustrial has bought a 37.5 per cent stake in the company from current owners Investment Dar for a reported £150m. Investindustrial recently made the headlines when it sold Ducati to Audi for €860million.

Investment Dar was one of two investors who purchased a stake in Aston Martin during a huge deal fronted by Prodrive founder David Richards in 2007. The Kuwaiti private equity firm had recently been rumoured be looking for a buyer, with Indian truck and tractor manufacturer Mahindra and Japanese giant Toyota in the frame.

Whether Investindustrial plans on short-term profit making or a longer-term strategy is unknown, but Aston Martin is at least planning to invest over £500m over the next five years, with help from both shareholders. The plan involves an aggressive new product and technology programme.

Aston Martin Chairman David Richards commented: ‘I am delighted that Investindustrial has decided to become a major investor in Aston Martin. With the support of The Investment Dar, we have made substantial progress over the past five years in laying the foundations for success as one of the world’s leading luxury sports car manufacturers.’

Most Popular

Lamborghini Aventador Ultimae sold out – V12 supercar calls it a day, for now
Lamborghini Aventador LP780-4 Ultimae
Lamborghini Aventador

Lamborghini Aventador Ultimae sold out – V12 supercar calls it a day, for now

The final Aventador Ultimae and next year’s Countach are now spoken for, calling the end of fresh orders for Lambo’s V12 models
21 Oct 2021
2022 Range Rover previewed before reveal next week
Range Rover teaser
Land Rover Range Rover

2022 Range Rover previewed before reveal next week

A new era for the Range Rover is about to be revealed, with new engines, tech and styling
20 Oct 2021
Used car deals of the week
Used car deals Oct 20 21
Features

Used car deals of the week

Here's what caught evo’s fancy this week on the second hand car market
20 Oct 2021