Another connection between Geely and Mercedes
The Chinese Geely has bought itself for 7.6 percent in the prestigious Aston Martin. Geely also immediately announces that the group’s technology may have “something to contribute to Aston Martin’s future success”.
To start off on a negative note: Aston Martin is not that successful at the moment. However, it is one of the few (more or less) independent car manufacturers, although engine supplier Mercedes is on its way to a 20 percent share in the brand. Geely is now following the Germans and buying 7.6 percent of the shares in one fell swoop. The connection between Geely and Mercedes is not new, as the two have an interest in each other that led to the Smart #1. Geely is also the owner of Volvo, Polestar and Lotus and thus far from new in the European car landscape.
Aston Martin DBX
“We are pleased to announce our investment in Aston Martin and believe that Geely Holding’s track record and technology offering can contribute to Aston Martin’s future success,” said Geely CEO Daniel Donghui Li. “We look forward to engaging and working with Aston Martin as the brand continues to work on its strategy to achieve long-term sustainable growth and greater profitability.”
Geely is not showing an interest in Aston Martin for the first time, because that already happened in 2012. Yes, ten years ago!
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– Thanks for information from Autoweek.nl