News Details
Mercedes-Benz raise Aston Martin stake to up to 20% by 2023
Daimler unit Mercedes-Benz is to lift its stake in Britain's Aston Martin to up to 20% by 2023, making it one of the struggling British carmaker's largest shareholders, Aston said on Tuesday. Aston Martin, popular for being James Bond's carmaker of choice, has suffered a torrid time since it floated two years ago, with its shares losing two-thirds of their value this year. The 107-year-old firm hired Tobias Moers, former CEO of Mercedes-AMG, as its new boss from August. Aston said the increase in Mercedes-Benz's stake, from 2.6% currently, would take place in several stages as part of a wider issue of 250 million shares at 50 pence each. The stock issued to the German group will have a...
Full Story »
Full Story »
5y ago from GrandPrix247.com
0
You May Also Be Interested In...
Mercedes ups stake in Aston Martin - boosts technical...
Mercedes-Benz is set to increase its stake in Aston Martin to 20 percent...
5y ago from F1i.com
Mercedes secures 20% stake in Aston Martin
Mercedes is to allow Aston Martin access to its advanced technologies and...
5y ago from PlanetF1.com
Mercedes increases stake in Aston Martin
Mercedes increases stake in car manufacturer to 20% as it announces an...
5y ago from Pitpass.com
Marko questions Vettel's performances this season but...
Sebastian Vettel is going through a difficult period at Ferrari. Since...
5y ago from GPBlog.com
Elsewhere On The Network
Popular On MGPToday.com
Dorna Sports unveils rebrand as part of MotoGP...
Dorna Sports has announced it will be officially known as MotoGP Sports...
59m ago from MotorsportWeek.c...
Australian government rejects MotoGP proposal to race...
No description available...
1h ago from Motorsport.com
Carlos Ezpeleta: 'We are in hurry to lay foundations...
No description available...
1d ago from Motorsport.com
Ducati will continue racing its unbeatable 2024 engine...
No description available...
2d ago from Motorsport.com
Popular On IndyCarToday.com
Understanding IndyCar's new deal with Chevrolet and...
No description available...
16h ago from Motorsport.com
Honda confirms early discussions for 2028 factory...
Honda, one of two engine manufacturers that supply IndyCar, has confirmed...
4d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar with full time seat...
Dale Coyne Racing has made public its plans for the 2026 IndyCar season,...
3d ago from MotorsportWeek.c...
Romain Grosjean returns to IndyCar, signs with Dale...
No description available...
3d ago from Motorsport.com
Popular On TotalWRC.com
Hyundai “realistic and optimistic” in mission to...
No description available...
1d ago from Motorsport.com
Oliver Solberg “didn’t deserve more than P4”...
No description available...
1d ago from Motorsport.com
Elfyn Evans wins Swedish showdown
Elfyn Evans and Scott Martin clinched victory on Rally Sweden which ended...
1d ago from MotorsportWeek.c...
WRC Sweden: Elfyn Evans storms to victory as Toyota...
No description available...
1d ago from Motorsport.com
Popular On GunnersToday.com
“They should stay silent” - Wayne Rooney slams...
Manchester United legend Wayne Rooney believes comments from Arsenal...
1h ago from SportsKeeda.com
Mikel Arteta eyes 100million Spaniard to add quality...
Arsenal have been informed that Nico Williams could be available for...
4h ago from CaughtOffside.com
FA Cup draw : Welcome to Saka Central
Morning everyone. Let's start with the draw for the 5th round of the FA...
4h ago from Arseblog.com
Saka set to miss out on Arsenal captaincy as insider...
Arsenal are reportedly in talks with club captain Martin Odegaard...
12h ago from CaughtOffside.com
Comments
Hottest News
Lewis Hamilton decision branded 'absolutely fascinating'...
Ferrari are still yet to announce who will... Read More »
49m ago from RacingNews365.com
Ex-F1 star reveals Adrian Newey insight, hints of Aston...
Former F1 driver Juan Pablo Montoya has revealed... Read More »
39m ago from MotorsportWeek.com
Fernando Alonso gives 'confidence' verdict after Adrian...
Two-time F1 champion Fernando Alonso has revealed... Read More »
39m ago from GPFans.com
