Luxury British carmaker Aston Martin is in early stage talks with potential inve...
) is in early stage talks with potential investors about building “longer term relationships” which it said on Friday may or may not involve an equity investment, as part of a funding review.
FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden The 106-year firm said in a statement that it was reviewing its funding requirements and various options, following reports of buyers looking at taking a stake. The Financial Times reported earlier that Aston Martin has held meetings over recent weeks with Canadian billionaire Lawrence Stroll, other carmakers and potential investors from the Middle East, India and China.
Autocar magazine reported last week that Stroll, owner of Formula One team Racing Point, is preparing to buy a major stake in Aston, whose market capitalisation is now only around 1.27 billion pounds .
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