Reuters - Investindustrial Buys Stake in Aston Martin

Italian investment fund Investindustrial said on Friday it bought a 37.5 percent stake in Aston Martin for 190 million euros ($245.6 million) and that the British sportscar maker will invest 625 million euros to make new car models in the next five years, Reuters reported. The deal gives Aston Martin the capital it needs to compete with other venerable sports car brands like Maserati, Ferrari, and Porsche that have the advantage of research and development costs covered by large corporate parents.

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