British Investor Buys 37.5% of Aston Martin

London-based Investindustrial has agreed to invest $241 million to gain a 37.5% stake in Aston Martin Lagonda Ltd.

The cash infusion will help revive the British carmaker's five-year, $802 million product development plan and keep current operations afloat. Supercar maker Aston Martin finished the third quarter with only $40 million in liquidity.

Investindustrial will get its stake directly from the English carmaker in the form of new stock. Investment Dar, the Kuwaiti firm that led the consortium that acquired Aston Martin from Ford Motor Co. in 2007, will remain the British carmaker's largest shareholder.

Investindustrial reportedly has promised to work with AMG the performance unit of Daimler AG's Mercedes-Benz Cars unit on technology and components for future Aston Martin models.