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
Why Valentino Rossi is putting pressure on Ducati over...
No description available...
5h ago from Motorsport.com
Fermin Aldeguer to miss the Sepang test, but won't...
No description available...
9h ago from Motorsport.com
Ducati: Marc Marquez “helped, protected” Francesco...
No description available...
2d ago from Motorsport.com
Why Aprilia boss is "disappointed" about not...
No description available...
3d ago from Motorsport.com
Popular On IndyCarToday.com
Wienie 500 returns for second year in build-up to Indy...
Indianapolis Motor Speedway has announced that the Oscar Meyer Wienie 500...
2h ago from MotorsportWeek.c...
Alex Palou responds to McLaren court ruling
Alex Palou has been ordered to pay McLaren Racing over $12 million...
3d ago from MotorsportWeek.c...
IndyCar penalizes Abel Motorsports for rig testing
No description available...
3d ago from Motorsport.com
McLaren wins contract breach suit against Alex Palou
McLaren has prevailed in its lawsuit against star IndyCar driver Alex...
3d ago from MotorsportWeek.c...
Popular On TotalWRC.com
More than 10 tuners interested in joining WRC under...
No description available...
8h ago from Motorsport.com
How Oliver Solberg picked up his “crazy dream”...
No description available...
1d ago from Motorsport.com
WRC Monte Carlo: Oliver Solberg dominates to claim...
No description available...
1d ago from Motorsport.com
Oliver Solberg crowned the youngest ever Rallye Monte...
Oliver Solberg and Elliot Edmondson created a piece of Rally Monte Carlo...
1d ago from MotorsportWeek.c...
Popular On GunnersToday.com
Arsenal vs Kairat Prediction and Betting Tips |...
Arsenal take on Kairat at home in their final UEFA Champions League league...
4h ago from SportsKeeda.com
Arteta's issues analysed as the pressure starts to...
Arsenal have not won the Premier League title for 22 years - is it it...
8h ago from SkySports.com
“Put that on my name!” - Tottenham star insists...
Tottenham Hotspur midfielder Dejan Kulusevski has maintained that Arsenal...
7h ago from SportsKeeda.com
Player ratings: Arsenal 2-3 Manchester United
Arsenal crashed to a 3-2 defeat against Manchester United on Sunday...
8h ago from FreshArsenal.com
Comments
Hottest News
F1 News Today: Adrian Newey ‘furious’ as McLaren unveil...
Aston Martin team principal Adrian Newey is... Read More »
6h ago from GPFans.com
LIVE: 2026 F1 Barcelona Pre-Season Test - Day 1
The first day of on-track action for F1 in 2026... Read More »
13h ago from RacingNews365.com
2026 F1 Barcelona Pre-Season Test - Day 1 unofficial...
See the unofficial afternoon results from the... Read More »
4h ago from RacingNews365.com
