F1 team owner takes greater stake in Aston Martin

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.

Recent Articles

Tip: this is how you take an extra long screenshot of your iPhone with Stitch It!

What if you have had a long conversation in, for example, iMessage or WhatsApp and you want to share it with someone else? ...

Infection Protection Act: Current corona rules and what you should pay attention to

Photo: CC0 / Pixabay / mat_hias The Infection Protection Act is getting an emergency brake, which ensures new corona rules throughout Germany. Here is...

This way you clean up iOS apps without deleting important data

If you want to free up space on your iPhone, it is smart to delete your apps, but then you have often lost all...

Ford’s BlueCruise makes life easier

With the BlueCruise system you can eat tasty hamburgers while driving. After all, it remains an American car. You hear about it at every...

Transfer apps between iPhone, iPad and Mac (Book): this is how Handoff works

Thanks to Handoff, you can take a note on your Mac and add it on the go on your iPhone. In this article,...

Related Stories

Leave A Reply

Please enter your comment!
Please enter your name here

Stay on op - Ge the daily news in your inbox