Daimler’s subsidiary Mercedes-Benz plans to expand its stake in Aston Martin significantly in the coming years. The interest is increased in a number of steps from 5% to 20%.
Mercedes’ step is in line with the recovery plan that Lance Stroll, the majority shareholder at Aston Martin since the beginning of this year, has outlined.
The deal will give Aston Martin, the favorite car brand of film hero James Bond, access to Mercedes’ technology for building electric cars.
Billionaire saves
Aston Martin has long suffered from financial problems The British car company itself was on the verge of collapse, but was saved from the abyss by billionaire Stroll.
Stroll has made its fortune in the apparel industry. He brought the fashion brands Pierre Cardin and Ralph Lauren to Canada. Later he invested with his Chinese business partner Silas Chou in the clothing maker Tommy Hilfiger and the jewelery brand Asprey & Garrard.
News of the deal with Mercedes received an enthusiastic reception at the London fair. The price of the British car brand shot up almost 5%.
DFT Daily
The most important financial news every morning.
Invalid email address. Please fill in again.
Read our privacy policy here.
Source link by https://www.telegraaf.nl/financieel/785526547/sponsor-max-verstappen-geeft-gas-met-hulp-mercedes
*The article has been translated based on the content of Source link by https://www.telegraaf.nl/financieel/785526547/sponsor-max-verstappen-geeft-gas-met-hulp-mercedes
. If there is any problem regarding the content, copyright, please leave a report below the article. We will try to process as quickly as possible to protect the rights of the author. Thank you very much!
*We just want readers to access information more quickly and easily with other multilingual content, instead of information only available in a certain language.
*We always respect the copyright of the content of the author and always include the original link of the source article.If the author disagrees, just leave the report below the article, the article will be edited or deleted at the request of the author. Thanks very much! Best regards!
These were the details of the news Sponsor Max Verstappen accelerates with help Mercedes | Financial for this day. We hope that we have succeeded by giving you the full details and information. To follow all our news, you can subscribe to the alerts system or to one of our different systems to provide you with all that is new.
It is also worth noting that the original news has been published and is available at news1.news and the editorial team at AlKhaleej Today has confirmed it and it has been modified, and it may have been completely transferred or quoted from it and you can read and follow this news from its main source.
