Aston Martin has confirmed a partnership deal with industrial solutions and investment company Investindustrial.
The completed deal, which was announced in December 2012, brings £150m worth of investment to Aston Martin.
Aston Martin will use the money to underpin a £500m five-year product development programme, which will be supported by Aston's partners The Investment Dar, Adeem Investment and Investindustrial.
The new backer, Investindustrial, is claimed to be one of Europe's leading investment groups, managing £2.6 billion worth of assets.
Investindustrial states that it "provides industrial expertise, operational focus and global platforms to accelerate value creation and international expansion."
With substantial support, Aston says it is now "well positioned to realise its ambitious growth strategy".
The manufacturer will remain based at Gaydon, where its headquarters and factory are currently based. The news follows the announcement that Aston's boss, Ulrich Bez, will step down to take a more ambassadorial role at the firm.
Aston Martin's new models include the Rapide S, a 550bhp four-door grand tourer.
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Is that really worth
Is that really worth announcing? I bet ulrich bez has a bigger pension pot.
Ambitious growth strategy?
Any more details on this or is it just words?
pocket money
I am afraid, 150 million is a pocket money in the world of automobiles.
Sorry for being negative but I think the only way Aston can compete with Porsche and others is to be bough by one of the automotive giants. The same goes to Lotus.
Just incase you haven't noticed yet, bank managers will NEVER - EVER be able to run a car company ( of any size) sucessfully.
Style, not fashion.
I think you're right too. Aston needs a big brother to give it access to technology that would be outside the scope of such a small company. What Porsche have done very effectively is disguise the use of some fairly cheap parts; without criticism from the journalists! It seems that whenever a UK car company does similar the automotive journalists jump on it with unfair negativity. Doesn't matter if the most reliable part was already fitted to a Ford Focus, if it's the right part it should be used.
Aston Martins, however, have a certain style that's missing on other brands. Nor do they have the vulgarity of a Ferrari. It's a car that you can park in the street.