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Home Aston Martin

Geely is going to buy a stake in Aston Martin

Sambit Barua by Sambit Barua
01/13/2020
in Aston Martin, Geely, Volvo
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In addition to Lotus, Geely has several other brands: Geely Auto itself, as well as Lotus, Volvo, Lynk & Co and Proton. In addition, in February 2018, the Chinese bought back almost a tenth of the shares of Daimler, becoming the largest shareholder in the concern.

But the Chinese company is not the only contender for Aston shares. In early December, it became known that the Canadian businessman Lawrence Stroll, who is a co-owner of the Formula 1 SportPesa Racing Point team, is also going to buy out the brand’s shares.

As several sources reported at once, the billionaire has headed a consortium of investors and wants to gain full control over the brand, taking advantage of the low share price. The management of Aston Martin himself denies this scenario, insisting that now shareholders are considering only proposals for long-term investments.

Carsandcofee.com/imgs/2020/01/13/10/3731273/09988bd454ff0759115294807fcc7fc4c7b5bdfe.jpeg

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Tags: ALFA ROMEOBMWCHRYSLERFIATFORDINFINITIJEEPLAND ROVERMASERATIMERCEDES-BENZPAGANIPORSCHERAMSUZUKITATA MOTORSTESLA
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