Aston Martin – Page 85 – I wish I had more to offer

Geely inks deal to become No. 3 shareholder in Aston Martin

SHANGHAI — Zhejiang Geely Holding Group increases its stake in Aston Martin Lagonda Global Holdings to about 17%, becoming the British luxury sports car maker’s third-largest shareholder, under an agreement announced Thursday. The deal has China’s largest privately owned automaker investing about 234 million pounds ($290 million) to receive both existing and new shares. Aston… Continue reading Geely inks deal to become No. 3 shareholder in Aston Martin

Aston Martin Lagonda: steering a course towards a Geely takeover

What is included in my trial? During your trial you will have complete digital access to FT.com with everything in both of our Standard Digital and Premium Digital packages. Standard Digital includes access to a wealth of global news, analysis and expert opinion. Premium Digital includes access to our premier business column, Lex, as well… Continue reading Aston Martin Lagonda: steering a course towards a Geely takeover

It’s Been a Red Bull Season

Formula 1 has become the Red Bull roadshow. It has won all five Grands Prix this season, four of them one-two finishes, and has amassed 224 points from a possible 235. “That race pace advantage, I think, is quite big at the moment,” said the reigning champion Max Verstappen of Red Bull, after winning the… Continue reading It’s Been a Red Bull Season

A Stunning Comeback for Fernando Alonso in Formula 1

In 2018, after 17 seasons of dedicating his life to Formula 1, Fernando Alonso had enough. With two world titles and 32 Grand Prix victories, he walked away, albeit unfulfilled. It had been 12 years since he was crowned champion and five since he had won a race. “When I finished, it was on a… Continue reading A Stunning Comeback for Fernando Alonso in Formula 1

Bentley CEO says customization craze among the wealthy is boosting profit

Bentley CEO Adrian Hallmark. Scott Mlyn | CNBC After a record-breaking year in 2022, Bentley Motors reported surging profits in the first quarter due in large part to car customization, CEO Adrian Hallmark said. Bentley reported its best-ever first quarter, with operating profits up 27% to 216 million euros, or about $232 million. Even more… Continue reading Bentley CEO says customization craze among the wealthy is boosting profit

Aston Martin stock soars after $295m investment by China’s Geely

Aston Martin’s stock popped nearly 22% on Thursday, after the luxury carmaker announced a 234 million pound investment by China’s Geely, that will see the automotive firm become its third-largest shareholder. Geely will acquire about 42 million ordinary shares from Chairman Lawrence Stroll’s Yew Tree, which is currently the Aston Martin’s largest stakeholder, at 335… Continue reading Aston Martin stock soars after $295m investment by China’s Geely

@AML: Substantial Investment in Aston Martin by Geely000440

18 May 2023 Aston Martin Lagonda Global Holdings plc Substantial Investment in Aston Martin by Geely Holding subsidary entity, Geely International (Hong Kong) Limited (“Geely”) and New Relationship Agreement Aston Martin Lagonda Global Holdings plc (“Aston Martin”, “Aston Martin Lagonda” or the “Company”) today announces a substantial investment from Geely Holding, China’s leading… Continue reading @AML: Substantial Investment in Aston Martin by Geely000440

Geely doubles stake in Aston Martin to 17%

@AML: Voting results of Annual General Meeting000438

RNS Number : 7595Z Aston Martin Lagonda Global.Holdings PLC 17 May 2023 17 May 2023 Aston Martin Lagonda Global Holdings plc Voting results of Annual General Meeting held on 17 May 2023 Aston Martin Lagonda Global Holdings plc (“the Company”) announces that its Annual General Meeting (“AGM”) held today at 100 Bishopsgate, London… Continue reading @AML: Voting results of Annual General Meeting000438

New Range Rover SV is 607bhp range-topping performance SUV

The hottest version of the new Range Rover will use a 607bhp, 553lb ft twin-turbocharged hybrid V8 to become “the fastest, most dynamic and technologically advanced” version of Solihull’s sports SUV yet. Called the Range Rover SV, dropping the ‘R’ suffix of the previous car, it uses a hybrid powertrain for the first time, with all new Range Rovers going hybrid-only from next… Continue reading New Range Rover SV is 607bhp range-topping performance SUV