Aston Martin, the maker of sports cars favored by Prince Charles and driven by James Bond, is dropping the Cygnet city car following lackluster sales to refocus on models more geared to their traditional customers.
Andrea Bonomi, chairman of European buyout firm Investindustrial SpA, wants a management role if he invests in Banca Popolare di Milano Scarl, Il Sole 24 Ore reported, without saying where it got the information.
Aston Martin is aiming to double sales by 2016 with new models and an expansion of its dealer network outside Europe. The British maker of sports cars featured in James Bond movies may then invest in a sport-utility vehicle to broaden its appeal to wealthy drivers.
Aston Martin, the British maker of sports cars featured in James Bond movies, is in talks with potential partners to jointly develop high-end engines and electronic parts to strengthen its sports-car lineup.
European stocks climbed the most in two weeks, paring the biggest weekly drop this year, as U.S. payrolls and manufacturing growth increased in January and BT Group Plc reported earnings that beat analysts’ estimates.