Lawrence Stroll Buying Aston Martin
Canadian billionaire Lawrence Stroll is partnering with Aston Martin!
There has been a lot of selling news about British sports car maker Aston Martin recently. The brand needs cash to produce the new SUV model. Lawrence Stroll, a Formula 1 boss, wants to pay Aston Martin £ 318 million in exchange for a 16.7 percent share.
Lawrence Stroll f1, Ferrari
Canadian Lawrence Stroll is the boss of the Racing Point Formula 1 team. He is also in serious partnerships with the textile giant Stroll Michael Kors and Tommy Hilfiger.
Lawrence Stroll Aston Martin Story
The Aston Martin brand is one of the most important in the British automotive industry. The brand has serious experience and knowledge on motorsports and sports cars. However, the automotive industry, which has changed in recent years, brings a cash shortage, especially in brands such as Aston Martin.
Considering consumer trends, we all know that SUVs are the most preferred models in the world automotive industry. Aston Martin also stated that he had begun to work on a new SUV model called DBX to get a share of this cake and marked the year 2020 when the car hit the roads.
Aston Martin boss will be Stroll Lawrence
The board of directors, who came together due to the financial conditions of the brand, are evaluating the offers from the investors. We have already mentioned that Geely, the owner of Volvo, is also attempting to buy shares from Aston Martin. This time, the candidates include Canadian business person Lawrence Stroll Aston Martin
After Stroll announced that he aspired to 16.7 percent, this amount increased to £ 318 million. In the statement from the brand, “This type of investment improves the liquidity of the brand and reduces the material pressure on it.” “The reason for this situation is the disappointing economic situation of the brand in the period up to 2019”.In the event of this agreement, Stroll’s Racing Point Formula 1 team will start the season in 2021 as the Aston Martin F1 team.
You may also like