Aston Martin has been given funds it needs to makeover the model lineup, expect a Geneva reveal.

Aston Martin's main financial backer has pledged to provide cash for a refreshed model lineup that the supercar maker plans to reveal at the Geneva auto show in March.

Investindustrial S.p.A., which bought a 37.5 percent stake in the British manufacturer in 2012, will invest fresh cash in Aston Martin if needed, Andrea Bonomi, the private-equity firm's chairman, said in an interview today.

Investindustrial has no plans to sell its holding anytime soon as the investment was made with the intention of keeping it for seven to 10 years.

"Aston has an industrial plan which is growing in its ambitions and we have always planned to participate in all funding needs that Aston has," Bonomi said on the sidelines of a conference here. "It hasn't been decided yet, but if Aston needs capital, we're there."

Bonomi helped recruit Andy Palmer, Nissan's former chief planning officer, to take over as CEO after Aston Martin went a year without a top executive.

The Gaydon, England-based manufacturer is the only global supercar brand that's not part of a larger group. That makes it tricky for Aston Martin to fund the r&d needed to compete with Volkswagen Group's Bentley and Fiat Chrysler's Maserati or BMW Group's Rolls-Royce.

Aside from the Italian private-equity firm, Aston Martin's other main shareholders are Kuwaiti companies Investment Dar and Adeem Investment Co.

Daimler has an agreement to acquire a 5 percent stake in Aston Martin in exchange for providing the sports-car producer with components such as engines and automotive electronics.

In Geneva, Palmer "will give a clear indication of where the brand is going," including the prospects of building a Aston Martin's first SUV, Bonomi said. "We're at the beginning of the revamp plan."

REPORT HERE

Spyker Supercar makers has been declared bankrupt.

Today the District Court of Midden-Nederland, at the request of the administrator, converted the moratorium of payment, granted to Spyker N.V. and its wholly owned subsidiaries Spyker Automobielen B.V. and Spyker Events & Branding B.V. (collectively “Spyker” or the “Company”) on December 2nd, last, to bankruptcy. The cause for this conversion was that the committed bridge funding did unfortunately not reach the company in time. The administrator will continue his work but now as receiver.

Victor R. Muller, Founder and Chief Executive Officer said: “None of the ambitions we had when we founded Spyker 15 years ago, has vanished as a result of today’s events. In 2000 we set out to establish a super sports car business from scratch with a global distribution and we achieved that. Over the years we undertook some daring ventures that left their marks on the company which in turn contributed to today’s demise.

However, I would like to make clear that as far as I am concerned “this is not the end. It is not even the beginning of the end. But it is, perhaps, the end of the beginning” to quote Winston Churchill. I will relentlessly endeavour to resurrect Spyker as soon as practically possible and, assuming we will be successful, pursue our goal to merge with a high performance electric aircraft manufacturer and develop revolutionary electric Spykers with disruptive sustainable technology.

This is the moment to express my gratitude to our customers, dealers, suppliers and of course our employees and Board. Their loyalty and support was vital to build the brand over the past decade and a half. They can count on us continuing to live by the Spyker axiom “Nulla Tenaci Invia est Via” (Latin for “For the tenacious no road is impassible”).”