Aston Martin raises £650m as Saudi Arabia takes a stake
by Jasper Jolly from World news | The Guardian on (#61EHX)
British manufacturer has been unable to generate cash to invest in new models and electric technology
Aston Martin Lagonda has received a large investment from Saudi Arabia as part of raising 650m of capital to pay down the luxury sportscar maker's large debts.
The British manufacturer has not been able to generate cash needed to invest in new models and electric technology, and has also struggled with delays to its Valkyrie hypercar and its newest DBX 707 sports utility vehicle.
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