David Richards of Aston Martin has disclosed that the company is close to “technical breach of its banking covenants” at some point in 2009. While it seems like this would just be a possibility we are not sure what they mean by technically breaching in the first place. It would appear that the banks would only take back the company if they were motivated so hopefully Aston Martin and the Kuwaiti investors can come out to some form of an agreement so Aston Martin won’t change hands yet again.

1 Comment »