Aston Martin announces £200 million funding, will build the DBX luxury crossover

Aston Martin Lagonda has announced that with the leadership of its major shareholders, it has arranged funding of £200 million, enabling to develop significant new luxury models, including a new vehicle based on the DBX luxury crossover concept, shown earlier this year at the Geneva Motor Show.

It is not known will the DBX in production form continue to be electrical or will we see a Mercedes-AMG unit under the bonnet.

Aston Martin Lagonda CEO Dr Andy Palmer commented: “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 realise the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history”.

Aston Martin current line-up is in desperate need of a bigger update and we could see a replacement for the Rapide, Vanquish, DB9 as well as the more compact Vantage.


RELATED POSTS

Mercedes-Benz CLS facelift caught with disguised rear lights
Infiniti Q50 Eau Rouge debuts at the Detroit Auto Show
Range Rover Evoque Autobiography Dynamic revealed ahead of Geneva motor show debut
Helpful hints for racing car drivers and best tracks in the UK
Watch Matte black Lamborghini Aventador crash on Sloane Street in London [videos]
Lister Cars unveils reborn Knobbly roadster at Autosport International
BMW X5 xDrive40e plug-in hybrid revealed with a combined output of 313bhp
New Vauxhall Mokka X to debut at Geneva
Vision Mercedes-Maybach 6 - Ultimate in luxury
5 Used cars that are great for summer fun
What protection do you need when working on cars?
Porsche Cayenne Turbo S E-Hybrid Models Announced
Tags: ,