Aston Martin announces biggest ever investment programme

  • Autocar India
  • Updated: May 02, 2014 15:30 IST

Aston Martin has recently revealed its gross profit for 2013 at about 167.1 pounds, however, its operating profit was only 1.5 million pounds. Keeping these slim margins in mind, the carmaker has raised about 100 million pounds to help it develop the next-generation VH platform.

The British sports carmaker saw a huge leap in its sales figures for 2013. Company’s sales jumped by 11% to around 4,200 units sold in 2013. Its annual revenue also rose 13 percent to 519 million pounds in the year ending December 31st.
Autocar UK has said that it understands that the ‘completely new’ VH platform will be engineered to use electrical and electronic system developed by Mercedes. Mercedes’ owner Daimler has a five percent share in Aston-Martin.
Aston Martin’s chief financial officer Hanno Kirner said that the company was embarking on "the biggest investment programme in the 101-year history of the brand…"
Kirner said that Aston and Mercedes would be completing "shared development of world-class bespoke V8 powertrains".

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