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The Guardian - UK
The Guardian - UK
Business
Jasper Jolly

Aston Martin raises £650m as Saudi Arabia takes a stake

The Aston Martin Valkyrie is displayed at the 89th Geneva International Motor Show in Geneva, Switzerland March 5, 2019.
Aston Martin has struggled with delays to its Valkyrie hypercar. Photograph: Pierre Albouy/Reuters

Aston Martin Lagonda has received a large investment from Saudi Arabia as part of raising £650m of capital to pay down the luxury sportscar maker’s large debts.

The British manufacturer has not been able to generate the cash needed to invest in new models and electric technology, and has also struggled with delays to its Valkyrie hypercar and its newest DBX 707 sports utility vehicle.

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