ASTON MARTIN FACES £150M LAWSUIT OVER HYPERCAR

ASTON Martin faces a lawsuit over the development of the troubled Valkyrie hypercar.

In the latest setback for James Bond’s favourite car manufacturer, two former dealers have filed a complaint in London claiming they are owed £150m.

Details of the complaint are not public because it is private arbitration. But the case relates to a deal agreed in 2016 when it began developing the Valkyrie.

At the time Andreas Baenziger and Florian Kamelger, co-owners of the Swiss Nebula Project, dealt with clients in Switzerland. Under the terms, the Nebula Project handled Swiss customer deposits on Valkyrie orders and were guaranteed royalty payments of 3pc, about £150m. But production only began last year.

And relations between the two parties have soured. In June 2021 Aston claimed the pair had withheld Valkyrie customer deposits and sued them for £15m.

Aston revealed the case last week. It said: ‘At this stage it is not possible to assess the potential total overall exposure.’