Aston Martin secures £550m loan deal
The luxury car maker says the loans will be used to fund current and future product plans.
Aston Martin has secured a £550 million loan deal, with the luxury car maker saying the funding will support its current and future product plans.
The company said the loans will be used to help finance the development and rollout of its vehicle strategy. No further details were included in the feed summary about the terms of the borrowing or the specific models it will support.
The move comes as Aston Martin continues to invest in its product line-up, a central part of its efforts to strengthen the business and maintain its position in the high-end automotive market. The latest funding arrangement gives the company additional financial backing for its ongoing plans, according to the report.
The information in this article is based on a monitored public feed and is attributed to BBC Business.
Source: BBC Business - https://www.bbc.co.uk/news/articles/cjejx083jkeo?at_medium=RSS&at_campaign=rss
