News Details
Stroll buys more Aston Martin shares after price collapses
Aston Martin is increasing a $617-million capital raising plan by $45-million pounds due to the coronavirus outbreak which will now see a consortium led by Canadian billionaire Lawrence Stroll increase their stake to 25% stake in the carmaker. “There has been a significant change in the global market environment in which Aston Martin Lagonda operates,” said Stroll. “What has not changed is our commitment to provide the company with the necessary funding it needs to manage through this period, to reset the business and to deliver on its long-term potential.” Aston Martin chief executive Andy Palmer added, “We are actively managing the potential impacts of COVID-19 on a daily...
Full Story »
Full Story »
4y ago from GrandPrix247.com
0
You May Also Be Interested In...
Lawrence Stroll to boost stake in Aston Martin
Racing Point F1 owner Lawrence Stroll is set to boost his stake in Aston...
4y ago from F1i.com
Formula 1 signs Saudi oil company Aramco as global...
Formula 1 has announced a ‘long-term’ global sponsorship deal with...
4y ago from FormulaSpy.com
Formula 1 signs up energy group Aramco as global...
Formula 1 announced on Tuesday a new long-term global sponsorship deal...
4y ago from F1i.com
Saudi Arabia's Aramco agrees ‘long-term' F1...
Formula 1 has announced a ‘long-term' global sponsorship deal with...
4y ago from MotorsportWeek.com
Elsewhere On The Network
Popular On MGPToday.com
Jorge Martin vs Francesco Bagnaia: MotoGP title...
The 2024 season finale awaits as Jorge Martin holds a 24-point lead over...
9h ago from MotorsportWeek.c...
How Martin can clinch the 2024 MotoGP title in the...
No description available...
10h ago from Motorsport.com
Marquez feared his "time was over" in final...
No description available...
10h ago from Motorsport.com
2024 MotoGP Barcelona Grand Prix – How to watch,...
No description available...
16h ago from Motorsport.com
Popular On IndyCarToday.com
AJ Foyt technical director Michael Cannon leaves team
Michael Cannon, AJ Foyt Racing’s revered engineer and technical...
1d ago from MotorsportWeek.c...
The testing parity problems plaguing the most...
No description available...
1d ago from Motorsport.com
Chip Ganassi Racing announces driver development...
Chip Ganassi Racing has launched a new driver development program, which...
5d ago from MotorsportWeek.c...
Shwartzman makes IndyCar switch with Prema for 2025
No description available...
1w ago from Motorsport.com
Popular On TotalWRC.com
Hyundai's 2025 WRC car will feature "reasonable...
No description available...
2d ago from Motorsport.com
What Lancia needs to do to transform its rally return...
No description available...
1w ago from Motorsport.com
Popular On GunnersToday.com
Liverpool, Arne Slot Premier League favourites: Title...
Sports Mole examines the Premier League title race after Liverpool took a...
2h ago from SportsMole.co.uk
Manchester United and Liverpool among clubs seeking...
No description available...
3h ago from SportsKeeda.com
Arsenal looking to tie down key player to new...
No description available...
2h ago from SportsKeeda.com
Arsenal star Gabriel Martinelli names Manchester...
No description available...
3h ago from SportsKeeda.com
Comments
Hottest News
Pérez: I rejected 2 offers to leave Red Bull
Sergio Pérez said he rejected opportunities from... Read More »
55m ago from espnF1.com
Fallows leaves as Aston Martin technical director
Dan Fallows is leaving his role as Aston Martin... Read More »
55m ago from espnF1.com
F1 Commission green lights array of changes for 2025 and...
The FIA's Formula 1 Commission met in Geneva on... Read More »
1h ago from F1i.com
