Aston Martin shareholders approve third capital injection this year

by SpeedLux
Aston Martin Vanquish Zagato Speedster

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.

You may also like

1 comment

AkieNyles December 7, 2020 - 2:46 am

I’d also invest in a good venture if I had the capital.


Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.


SpeedLux is a high-authority automotive blog providing the latest automotive news and reviews. SpeedLux covers everything related to cars, bikes, and motorcycles, from news and reviews, to troubleshooting guides, tips and tricks, and more. SpeedLux was born in 2009 and we have over 20,000 articles published on our blog. We thank all our readers, as well as our partners, without whom we could not have reached this level.


©2009 – 2024 SpeedLux – Daily Automotive News and Reviews. All Right Reserved.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More