Aston Martin sells stake to Investindustrial

Luxury carmaker Aston Martin is to receive a £150m investment from Italian private equity firm Investindustrial in exchange for a 37.5% stake in the business.

The firm, best known for its association with James Bond, will celebrate its 100th anniversary next year.

Chairman David Richards said the money will be put towards the more than £500m it plans to spend on new models and technologies over the next five years.