In January, it was announced that billionaire Lawrence Stroll, who owns Formula 1 team Racing Point, took a 16.7 percent stake in Aston Martin. According to English media, that deal has been revised and Stroll is buying in considerably more than previously thought.
Aston Martin is renewing its range of models and has big plans for the future, but developing new products requires high investments and is currently causing financial dark times at Aston Martin. At the end of January, it was announced that billionaire Lawrence Stroll, who owns F1 team Racing Point, would buy 16.7 percent of the shares of Aston Martin for more than € 216 million. In addition, Stroll would pump no less than € 350 million into the brand. What does it turn out now? Stroll takes a greater interest in the English sports car manufacturer than previously discussed.
The shares of Aston Martin have fallen sharply in a short time and that has caused Stroll and his Holding to buy not 16.7 percent, but 25 percent of the Aston Martin shares, according to English media.
Aston Martin has suffered from reduced demand in many parts of Asia, particularly in China, due to the coronavirus.