ASTON MARTIN'S LIFELINE BUYS CARMAKER TIME AS SUV
- Jan 31, 2020
- 1 min read
LONDON (Reuters) - Canadian billionaire Lawrence Stroll and investors have rescued Aston Martin with a 500 million pound cash injection that analysts say will help stabilize the British carmaker whose first sport utility vehicle (SUV) is set to hit the road.
Stroll agreed to buy up to 20% of the 107-year-old company and will become executive chairman of James Bond’s automaker of choice, which has gone bankrupt seven times in its chequered history.
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