Lawrence Stroll nears £200million Aston Martin deal

Cornelia Mascio
Gennaio 14, 2020

Aston Martin was not immediately available for comment.

The Financial Times reported that Geely is in talks with the management and investors of Aston Martin, with the possibility of pumping much-needed cash into the luxury British carmaker.

A report said the owner of Racing Point Formula One team Lawrence Stroll is also in talks with the vehicle British company, but it could not be confirmed.

Geely chairman Li Shufu has stakes in Mercedes-Benz parent Daimler. The 2021 regulation changes coupled with the existing infrastructure of Racing Point would save a considerable amount of money when compared to starting a team from the ground and would be an extremely attractive proposition.

On 7 January, Aston said it remained in discussions with potential strategic investors and the FT confirmed the company was in talks with various parties.

According to Reuters, amid rumours emerged of a significant growth in the value of shares of Aston Martin. Additional reports are also suggesting that Contemporary Amprex Technology, a Chinese battery maker, might be interested, though there's been no word from them yet either.

Geely has a closer link with Daimler, entering into several partnerships with the group, including launching joint ride-hailing services in China. The company has already taken out a £120m loan, of course, and qualified for a subsequent £80m when it hit 1,400 orders for the SUV - although those sums come accompanied by interest rates of 12 and 15 respectively.

A spokesman for Geely Europe declined to comment. Geely did not immediately respond to a request for comment.

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