Aston Martin gets $240 million investment, tables electric-vehicle projects - Business Insider

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Aston Martin's electric-vehicle projects see major delays as the company gets a $240 million cash influx from billionaire Lawrence Stroll

a "production ready" version in April 2019. When it was announced, Aston said it would make roughly 601 horsepower and that the production run would be limited to 155 vehicles. The new investment comes with a lot of changes, but securing the extra cash wasn't just for fun — Aston Martin, despite its ultra-luxury aura as a car brand,.

early last year as a "first glimpse of the first production model from the luxury brand exclusively driven by zero emission powertrain technologies." With Stroll's investment, the Lagonda timetable is now three years later than planned while the Rapide E remains on indefinite pause. Stroll's investment also comes at an uncertain yet cautiously optimistic time for Aston.

 

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