Aston Martin shareholders approve third capital injection this year

Aston Martin said on Friday its shareholders approved a plan to invest 125 million pounds ($168.09 million) in new capital as the automaker attempts to turnaround its loss-making business.

The capital injection, the automaker’s third this year, was declared in October along with strategies that Daimler unit Mercedes-Benz would lift its stake in the British automaker to up to 20% by 2023, making it one of Aston Martin’s largest shareholders.

The October plan involves Mercedes getting shares in exchange for broadening a present supply deal, giving Aston Martin access to key Mercedes’ technology such as hybrid and electric drive systems. It did not associate any cash from the German automaker.

Billionaire Lawrence Stroll in January agreed to purchase up to 25% of Aston Martin, making him the biggest stakeholder in the company well known for being James Bond‘s car of choice.

The company in June raised 152 million pounds in equity.