Aston Martin Lawrence Stroll’s consortium to invest £182m and his Racing Point team will be rebranded The billionaire Lawrence Stroll is leading a consortium that will invest £182m in return for 16.7% of Aston Martin, which will also launch a £318m rights issue. Photograph: Arnd Wiegmann/Reuters Aston Martin has agreed a £500m equity rescue deal… Continue reading Aston Martin to enter F1 from 2021 under £500m rescue deal
Tag: Aston Martin
Aston Martin strikes rescue deal with Formula 1 billionaire
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Aston Martin calls board meeting on emergency fundraising
Chinese carmaker Geely and billionaire Lawrence Stroll both propose £200m investment Go to Source
Billionaire Stroll Becomes Frontrunner for Aston Martin Stake
Canadian billionaire Lawrence Stroll is emerging as the frontrunner to buy a stake in luxury-car maker Aston Martin Lagonda Global Holdings Plc as interest from a rival Chinese investor wanes, people with knowledge of the matter said.
Aston Martin won’t say whether its electric car is dead or alive
Aston Martin might have killed the Rapide E, its first electric car, before it ever shipped according to an Autocar report from late last week. But Aston Martin won’t say if this is true or not, as a spokesperson tells The Verge that the company “can’t comment on product speculation.” “Everybody is asking…” the spokesperson… Continue reading Aston Martin won’t say whether its electric car is dead or alive
Geely in talks to pump cash into Aston Martin: FT
LONDON (Financial Times) — China’s Geely has held talks with Aston Martin investors and management as it considers pumping much-needed cash into the luxury carmaker. The Chinese company is conducting due diligence as it looks at taking a stake in the UK group, which is in need of fresh finances, said four people familiar with… Continue reading Geely in talks to pump cash into Aston Martin: FT
Aston Martin reportedly scraps plans for its all-electric Rapide E
Sponsored Links Aston Martin For years, Aston Martin has been promising an all-electric Rapide E. After one false start, the automaker said it would begin making the EV in 2019. Now, a source close to the firm tells Autocar that the Rapide E will not go into production. Instead, it will become a research project.… Continue reading Aston Martin reportedly scraps plans for its all-electric Rapide E
Geely in talks to pump cash into Aston Martin
British carmaker in need of finances after shares and sales slide Go to Source
Exclusive: Mate Rimac on his plans to hit the electric car big time
The vital organs behind many of the established automotive order’s next-generation cars aren’t being developed in-house. Instead, a number of industry giants are turning to a relatively modest Croatian company fronted by an enthusiastic inventor-cum-entrepreneur barely in his 30s. Rimac Automobili – known to some as a low-volume electric supercar maker – is looking to… Continue reading Exclusive: Mate Rimac on his plans to hit the electric car big time
The automobile puts safety at the center of the table at CES
Posted on Jan. 9, 2020, 12:38 p.m. The automakers have lifted their foot on the autonomous car, but the equipment manufacturers have not put away their cameras and their sensors. At CES in Las Vegas, which is being held this week in the city of poker and penguin bandits, there were few automotive players present… Continue reading The automobile puts safety at the center of the table at CES