Early talks over a potential £200 million Saudi Arabian investment in British supercar maker Aston Martin are said to be underway after share prices dipped to a new record low.

The Financial Times has reported that Saudi Arabia's Public Investment Fund has opened talks with the Gaydon-based OEM over taking a possible stake in the business which was listed on the London Stock Exchange in 2018.

Autocar had previously reported that another party linked to an investment fund on the West Coast of America had also shown interest in taking a stake.

But news of the potential influx of funding triggered a 14% decline in share prices in Aston Martin yesterday – compounding a near-70% decline year-to-date – dipping to a record low of 390p before recovering slightly to 439p this morning (July 1).

AM understands that stalled supplies of Aston Martin’s Valkyrie hypercar are now picking up pace, while a management team led by new chief executive Amedeo Felisa is focused on new model launches from 2023 onwards.