Aston Martin has announced that it has arranged additional committed funding of £200 Mn in its latest round of funding. The additional capital investment is, and will be, in form of preference shares. The company issued £100 Mn of preference shares on 29 April 2015 and will issue the remaining £100 Mn of preference shares in the next twelve months. Using this funding, the company will enter the “GT crossover” market with a vehicle based on the DBX concept that was unveiled at the 2015 Geneva Motor Show in March, confirmed the company in its latest press release. The DBX concept generated interest far beyond the company’s expectations.
According to an earlier report, the company is considering building the DBX crossover in the USA. The report states that the Gaydon-based automaker is looking for potential sites in the USA and has already had talks with several states in the country about building a new factory. Several states have been aggressively luring the company with incentives like land and tax breaks in order to seal the factory deal with the company. If Aston Martin goes ahead with this decision, it will be a historical one, as the U.S. plant will become its first-ever overseas plant.