Filed under: Earnings/Financials,Plants/Manufacturing,Aston Martin,Luxury
Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilise the British carmaker whose first sport utility vehicle (SUV) is set to hit the road. Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond's automaker of choice, which has gone bankrupt seven times in its chequered history. A consortium led by Stroll will invest 182 million pounds($239 mi
Continue reading Aston Martin's lifeline buys carmaker time as SUV hits road
Aston Martin's lifeline buys carmaker time as SUV hits road originally appeared on Autoblog on Sat, 1 Feb 2020 10:01:00 EST. Please see our terms for use of feeds.
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