:Aston Martin's stock popped nearly 22 per cent on Thursday, after the luxury carmaker announced a 234 million pound investment by China's Geely, that will see the automotive firm become its third-largest shareholder.
For Aston Martin, the preferred ride of fictional secret agent James Bond which has gone bankrupt seven times in its history, the investment paves the way to secure its long-term future and allows the century-old firm to lower its debt. Geely, which owns multiple brands including British sportscar maker Lotus, Zeekr, Volvo and - via a joint venture with Volvo - Polestar, had acquired a 7.6 per cent stake in the Formula One team sponsor in September last year.
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