Aston Martin’s $3.5 Million Supercar Embroiled in Swiss Spat
- Carmaker terminates arrangement with affiliate of Swiss dealer
- Firm had agreed to fund development in exchange for royalties
Aston Martin Lagonda Global Holdings Plc said it’s suing a company affiliated with one of its dealers in Switzerland, alleging that it withheld customer deposits collected for the 2.5 million-pound ($3.5 million) Valkyrie supercar.
The automaker accused Nebula Project AG of failing to pass some deposits taken from customers along to Aston Martin and said it has terminated an unconventional commercial arrangement its previous management team entered in 2016. Under the now-dissolved deal, Nebula had agreed to fund development of the Valkyrie and other mid-engine cars in exchange for royalty payments.