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Old 22.06.2021, 18:25
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Re: Aston Martin sues car dealer in cash wrangle

It doesn't look nice. Apparently some people invested 5 years ago in the company and today some new people at the head of AM decided the contract was not good.

Quote:
Under a 2016 agreement, the Swiss company Nebula had helped to finance the development of the Valkyrie and other mid-engine cars, an area of focus for Aston Martin, in return for royalties from the carmaker. Aston Martin said ending that contract meant it no longer had to pay future royalties, a claim Nebula disputes

“We consider Aston Martin’s alleged unilateral termination of the contractual relationship with Nebula Project AG as illegitimate and unjustified and are prepared to pursue the necessary steps to preserve our rights,” Nebula said in a statement.

Analysts at A.J. Bell said in a note that the royalty component of the dispute was likely to be hard fought in court as Nebula had stepped in with funding during a “very rough patch financially” for Aston Martin.
https://www.reuters.com/article/asto...-idUSL3N2O418M
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