News Details
Mercedes-Benz raise Aston Martin stake to up to 20% by 2023
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it floated two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Mercedes ups stake in Aston Martin - boosts technical...
Mercedes-Benz is set to increase its stake in Aston Martin to 20 percent...
5y ago from F1i.com
Mercedes secures 20% stake in Aston Martin
Mercedes is to allow Aston Martin access to its advanced technologies and...
5y ago from PlanetF1.com
Mercedes increases stake in Aston Martin
Mercedes increases stake in car manufacturer to 20% as it announces an...
5y ago from Pitpass.com
Marko questions Vettel's performances this season but...
Sebastian Vettel is going through a difficult period at Ferrari. Since...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
MotoGP riders have their say on controversial Marc...
No description available...
12h ago from Motorsport.com
Marc Marquez hits out at timing of controversial Thai...
No description available...
12h ago from Motorsport.com
Yamaha reveals why it ‘took the difficult route’...
Technical Director Max Bartolini admits Yamaha “took the difficult...
9h ago from MotorsportWeek.c...
Pedro Acosta takes dramatic Thai MotoGP Sprint victory...
KTM rider Pedro Acosta clinched his first victory in MotoGP following a...
14h ago from MotorsportWeek.c...
Popular On IndyCarToday.com
Scott McLaughlin earns IndyCar St. Pete pole, Coyne...
No description available...
39m ago from Motorsport.com
IndyCar St. Petersburg – Qualifying Results
25 drivers of the NTT IndyCar Series took to the streets of St....
19m ago from MotorsportWeek.c...
Scott McLaughlin rockets to the top in IndyCar...
The NTT IndyCar Series took to the streets of St. Petersburg late...
29m ago from MotorsportWeek.c...
Marcus Ericsson encouraged by Will Power’s input at...
Marcus Ericsson has a new team-mate this year in Will Power, and the...
5h ago from MotorsportWeek.c...
Popular On TotalWRC.com
Lancia rally legend Sandro Munari passes away aged 85
No description available...
6h ago from Motorsport.com
Why Esapekka Lappi was so happy at WRC Rally Sweden
No description available...
2d ago from Motorsport.com
Acropolis Rally's Thursday parc ferme will be on a boat
No description available...
3d ago from Motorsport.com
Popular On GunnersToday.com
This 'unbelievable' star a better option than Sandro...
Former Arsenal star Anders Limpar has suggested that the Gunners don't...
9h ago from CaughtOffside.com
Talks held: Barcelona working on signing 45m Arsenal...
Barcelona are reportedly already in talks with intermediaries over a...
10h ago from CaughtOffside.com
Arsenal vs Chelsea Prediction and Betting Tips | 1st...
The Premier League is back in action with another massive clash between...
12h ago from SportsKeeda.com
'More difficult than the Champions League' - Chelsea...
Chelsea midfielder Andre Santos has said that the Premier League is even...
13h ago from SportsKeeda.com
Comments
Hottest News
Drive to Survive insider hints at ending hit Netflix F1...
A key player within the Drive to Survive F1... Read More »
1h ago from GPFans.com
FIA announces last-minute F1 qualifying change on eve of...
Good news, racing fans! You get to see more F1... Read More »
4h ago from GPFans.com
F1 testing cancelled due to missile strike as major rule...
Check out the biggest stories from Saturday,... Read More »
2h ago from RacingNews365.com
