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
Heavy rain and flooding hits Autodromo Ayrton Senna...
No description available...
8m ago from Motorsport.com
Marc Marquez: 'Speeds will be lower with 850cc bikes,...
No description available...
17h ago from Motorsport.com
The key challenges MotoGP teams will face in the 2027...
No description available...
22h ago from Motorsport.com
VR46 looking for mix of experience and youth in 2027...
No description available...
1d ago from Motorsport.com
Popular On IndyCarToday.com
Takuma Sato makes Indy 500 return with RLL
Rahal Letterman Lanigan Racing has announced that Takuma Sato will drive...
13h ago from MotorsportWeek.c...
Takuma Sato set for Indy 500 return with Rahal...
No description available...
14h ago from Motorsport.com
Helio Castroneves confirms return for 26th...
Helio Castroneves has confirmed that he will take part in the upcoming...
19h ago from MotorsportWeek.c...
Helio Castroneves to attempt 2026 Indianapolis 500...
No description available...
18h ago from Motorsport.com
Popular On TotalWRC.com
WRC Rally Scotland brings top tier rallying back to...
The 2027 WRC calendar should have an exciting new event on the calendar:...
1d ago from MotorsportWeek.c...
WRC to return to GB in 2027 as Scotland secures...
No description available...
1d ago from Motorsport.com
WRC Safari Rally Kenya: Elfyn Evans retires as drivers...
No description available...
4d ago from Motorsport.com
Why Takamoto Katsuta’s long-awaited first WRC win...
No description available...
2d ago from Motorsport.com
Popular On GunnersToday.com
Premier League club could demand “in excess” of...
Manchester United and Arsenal are both looking to strengthen their...
38m ago from CaughtOffside.com
Report: La Liga giants closely monitoring attacking...
Atlético Madrid are reportedly assessing potential moves for Arsenal...
28m ago from CaughtOffside.com
‘Might not get a game now' – Ferdinand...
Manchester United legend Rio Ferdinand believes Max Dowman could bench...
1h ago from CaughtOffside.com
Eze keeps Arsenal’s shot at history alive with magic...
eta’s side are 16 games from the quadruple, helped by the forward’s...
3h ago from TheGuardian.com
Comments
Hottest News
George Russell linked with $300m move away from Mercedes to...
An astonishing transfer claim has been made about... Read More »
1h ago from GPFans.com
Ferrari F1 remove controversial wing after FIA talks
Ferrari backtracked on a clever design quirk at... Read More »
2h ago from GPFans.com
Lewis Hamilton and George Russell join forces over...
There has never been a Chinese manufacturer on... Read More »
2h ago from RacingNews365.com
