New Investment, Product Development for Aston Martin Following Jump in Sales
Aston Martin’s sales numbers increased by 11 per cent to around 4,200 in 2013, according to newly released figures by the company. Revenue also increased 13 per cent to £519m for the year ending 31 December 2013.
Aston Martin says the 2013 results benefited from an improved model and market mix and the 13 per cent increase in revenue was supported by full year sales of the Vanquish Coupe and the launch of Vanquish Volante and V12 Vantage S models between October and December. In addition the company also opened dealerships in new markets, including Mexico and Thailand.
Aston Martin chief financial officer, Hanno Kirner commented: “We will, in the next few years, be implementing the biggest investment programme in our 101-year history, preparing the ground for new and exciting products in the future.
“Our strong ownership structure and strategic partnership with Daimler AG, finalised in December 2013, provides us with a solid foundation for the unprecedented investment programme that will underpin our future growth.”
Kirner continued: “We are engineering a completely new architecture and technologies to ensure that our next generation of sports cars is at the forefront of design, performance and technology. The strategic partnership with Daimler AG will bring with it cutting edge electrical and electronic expertise, and the shared development of world-class bespoke V8 powertrains.”
Mercedes’ parent company Daimler currently owns a five per cent share in Aston Martin.
In order to facilitate the biggest investment programme in the history of the brand the company has raised close to £150m through its major shareholders The Investment Dar, Adeem Investment and Investindustrial.
Source: Aston Martin