Aston Martin sues Nebula over Valkyrie payments

by SpeedLux
Aston Martin db9

Aston Martin is suing a Swiss car dealer Nebula over payments.

The automaker says withheld customer payments for its $3 million Valkyrie sports car, putting an end to commercial ties with the dealer that helped to finance the British luxury automaker during a difficult period.

The London-listed company said it would now take consumer deposits directly for special automobiles such as the Valkyrie instead of involving a third party.

According a 2016 agreement, Nebula had helped to finance the development of the Valkyrie and other mid-engine vehicles, an area of focus for Aston Martin, in return for royalties from the automaker.

The automaker said ending that contract meant it no longer had to pay future royalties, a claim Nebula rejected and considers the automaker’s allegations to be entirely unfounded.

“We consider Aston Martin’s alleged unilateral termination of the contractual relationship with Nebula Project AG as illegitimate and unjustified and are prepared to conduct the necessary steps to preserve our rights,” Nebula said in a statement.

The size of damages is unknown as of yet.

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