Aston Martin invests $306 million to build new DBX-based model image

Securing an aprox. $306 million sum from its leading shareholders, drugs physician Aston Martin is getting closer to building a much desired crossover. While no date has been revealed, site Aston Marton will use the money to develop a new vehicle that is based on the DBX Concept.

Due to the funds, the company’s CEO – Andy Palmer – has hinted that other models will be put into production. Palmer added that “This additional long-term funding will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade. The DBX concept has generated interest far beyond our expectations. The additional investment announced today will allow us to realize the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history.”

At the moment we are not sure yet what these new luxury vehicles will be, but previous reports pointed at the fact that a Lagonda-badged model to replace the Rapide will be added to the range. Taking into account the age of the other cars in the Aston Martin range, it is quite easy to believe that a part of the money will be used to produce new vehicles that are beyond the new CUV and sedan. For 2015, Aston Martin is expecting its global demand for luxury sports car to stay as high as in 2014, while developing and expanding its current range of cars, beginning with first customer deliveries of the limited edition track-only Aston Martin Vulcan and the race inspired car model – vantage GT12.

By Gabriela Florea