Aston Martin is seeking to raise funds to safeguard its future, Autocar has learned, wanting to significantly strengthen its financial position as it ramps up investment for its next-generation platforms and future electrification strategy.
The move comes as a result of Aston Martin’s ongoing struggles to balance its books as it juggles its cash reserves and income from sales against development costs of new vehicles and debt repayments.
The British company has £1.2 billion of outstanding bonds, bank drafts and loans on its books, meaning it's unlikely to be able to raise funds by taking on more debt, especially given the level of repayments currently required to service it.
