FILE PHOTO: A James Bond 1965 Aston Martin DB5 coupe is displayed at Sotheby's auction house in New York, U.S.The carmaker's shares were up nearly 17% at £5.88 at 14:14 GMT, valuing the business at about £1.3 billion , but still far below its initial public offering price of £19.
Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a "major shareholding" in the British company, Autocar and the racefans.net website reported on Thursday. But the sale of a stake could help boost the company's prospects as it seeks to turn around a poor performance, which pushed it to a £92.3 million loss in the first nine months of the year.In August, Aston's biggest investor, Strategic European Investment Group, acquired an additional 3% stake in the company.
Aston is also the title sponsor of the Honda-powered Red Bull team, former world champions who won three races this year with Dutch 22-year-old Max Verstappen.
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Holiday fulfillment may drive customer loyalty - Business Insider - Business InsiderRetailers that use omnichannel fulfillment options may be best positioned to successfully handle their e-commerce orders this holiday season.
Source: BusinessInsider - 🏆 729. / 51 Read more »
Cyber Monday 2019 sets new e-commerce record - Business Insider - Business InsiderCyber Monday 2019 racked up a record-setting $9.4 billion in US online sales, with smartphone shopping playing a key role in its success:
Source: BusinessInsider - 🏆 729. / 51 Read more »
WeWork buys ads in a dozen markets post-IPO debacle - Business InsiderIt's the first major campaign under interim chief marketing officer Maurice Levy, the chairman of Publicis – the agency that did the creative. Guessing it will take more than a few ads! ClaireHanna Ooops oooops 😂😂
Source: BusinessInsider - 🏆 729. / 51 Read more »
Britain's Phoenix to buy Swiss Re's ReAssure business for $4.1 billionPhoenix Group Holdings has agreed to buy the British business of Swiss Re for 3....
Source: Reuters - 🏆 2. / 97 Read more »