Aston Martin chairman David Richards has revealed plans to take the carmaker public in order to fund its expansion.

Flotation on the London Stock Exchange, which could value the business at around £500 million, will give hundreds of thousands of Aston Martin fans a chance to own a slice of the iconic car manufacturer at a fraction of the cost of one of its models.

Richards said the company will go public in three years' time to help fund the next round of its expansion.

AM magazine provides regular insight into manufacturer networks and dealer groups - to sign up for your magazine please click on the following link to subscribe:

AM also provides a monthly electronic magazine called AMe - this provides the latest analysis of new car sales figures each month and more news - to subscribe to this ezine please click the following link:

You must be logged in - click here to login