Aston Martin Responds To Canadian Billionaire Investor Report

“We are certainly not actively soliciting any other participation. That’s not to say it doesn’t come,” Palmer said when asked whether Aston needed a new investor. “You know what we would have to do if there was an official approach. Beyond that, I can’t comment.” Palmer was speaking at an event marking the occasion of the opening of a new Aston Martin factory in south Wales where the all-new DBX SUV will be built. The DBX, in short, must be successful.The company posted a pre-tax loss of $118 million in the first nine months of this year. Demand for its sports cars, particularly in Europe, is weaker than expected. “The opening is a hugely important milestone in the company’s growth plan and integral to our ambitions as a global luxury brand with a presence in all major sectors of the market,” Palmer said during part of the plant’s opening ceremony.
Source: carbuzz.com