Aston Martin is looking for investors

Aston Martin is looking for investors

December 15, 2019 0 By autotimesnews

The British automaker wants a “long-term relationship” within the framework of financing and is revising its requirements for this.

The British automaker said that negotiations with investors are ongoing, and the company is reviewing its funding requirements. An Aston Martin statement said that investments may or may not include equity investments.

 Somewhat earlier, the Financial Times stated that recently Aston Martin often held meetings with investors, for example: Canadian billionaire Lawrence Stroll, other automakers and potential investors from the Middle East, India and China.

 Autocar last week reported that the owner of the Formula 1 Racing Point team, Lance Stroll, is ready to buy out the bulk of the British automaker. It is reported that he will have to pay about 1.63 billion dollars.

 Aston Martin hopes that sales of the company’s first SUV, which will go into production next year, should double, especially thanks to attracting female buyers to the brand’s cars.

 On Friday, Aston shares closed with a decrease of 9.5% at 556.8 pence. When placed in October last year, they were valued at 19 pounds.

Recall, a little earlier we reported that at the auction they sold a unique Aston Martin from the royal garage. The car, which previously belonged to Prince Charles, again changed its owner.