The funding will allow the manufacturer to expand its current range of luxury cars, enabling the production of the DBX crossover.This announcement follows a 45% increase in product development spending in 2014.
Aston Martin Lagonda chief executive, Dr Andy Palmer, said, "This additional long-term funding will enable us to add extra model lines and broaden our presence in the luxury market segment by the end of the decade.The additional investment announced today will allow us to realise the DBX and other new luxury vehicles that will form the strongest and most diverse portfolio in our history."
2015 has already been a record year of investment for automotive manufacturing, with a £1 billion invested in just one week earlier this year.
