Aston Martin DBX SUV will be made
British sportscar maker gives DBX green light, raises £200m to build itAston Martin has announced a production version of the DBX SUV concept will enter production and be on sale by 2019.
In a statement issued last night, Aston’s boss Andy Palmer announced his company had raised the £200m (A$360m) from its two majority shareholders to begin work on creating a production version of last month’s Geneva motor show concept.
“The additional investment announced today will allow us to realise the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history”. Said the Aston CEO.
The other “new luxury vehicles” are thought describe an all-new long wheel-base sedan to replace the current limited-run Lagonda Taraf - a car that’s crucial for emerging markets like China.
The rest of the cash, if there’s any left, will be put towards re-engineering and overhauling some of its current line-up to take the new Mercedes-AMG V8 engine following Daimler’s technical partnership and 5 per cent stake in Aston Martin.
In 2013 Aston Martin lost almost A$100 million but hopes the arrival of the success of the recent Lagonda Taraf and the long-awaited arrival of the DB9 replacement in 2016 will turn things around.
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