China’s Geely in talks to take stake in Aston Martin: FT

FAN Editor
FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan
FILE PHOTO: An Aston Martin logo is pictured at the new factory in Saint Athan, Wales, Britain December 6, 2019. REUTERS/Rebecca Naden/File Photo

January 10, 2020

(Reuters) – China’s Geely Automobile Holding <0175.HK> held talks with Aston Martin <AML.L> management and investors as it considers investing into the British luxury carmaker, The Financial Times reported https://www.ft.com/content/d2959822-33a4-11ea-9703-eea0cae3f0de on Friday.

Geely is conducting due diligence as it looks at taking a stake in the 107-year-old UK firm, which warned earlier this week its 2019 profits would almost halve due to weak European markets.

Aston Martin was not immediately available for comment. Geely did not immediately respond to a request for comment. 

(Reporting by Indranil Sarkar in Bengaluru; Editing by Aditya Soni)

Free America Network Articles

Leave a Reply

Next Post

Exclusive: India’s NMDC lined up to mine multibillion-dollar diamond deposit

FILE PHOTO: Diamonds pictured during an official presentation by diamond producer Alrosa in Moscow, Russia, Ferbuary 13, 2019. REUTERS/Maxim Shemetov/File Photo January 10, 2020 By Neha Dasgupta and Mayank Bhardwaj NEW DELHI (Reuters) – State-owned Indian miner NMDC <NMDC.NS> is poised to win a multibillion-dollar contract to explore and mine […]