Funding boost as Aston Martin courts China’s billions

on March 27 2014 | in Daily Headlines Trending | by | with No Comments

Luxury car giant Aston Martin has gone on an investment push as it seeks to lure wealthy Chinese buyers.

The Gaydon firm has secured a $165 million – £100 million – loan to invest in new models, starting out with the Lagonda SUV.

The first models will probably be introduced sometime in 2018, with the luxury 4×4 seen as an attempt to break China – which has transformed the fortunes of the likes of Jaguar Land Rover.

The news has added fuel to rumours that Aston is planning to work alongside Mercedes to piggy back on platforms for its SLK and SL roadsters.

The new family of cars will replace the Aston Martin DB9, Vantage and Rapide models the company first started selling in 2003.

Read more at Birmingham Post.

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