1. Aston Martin to Sell Stake to Formula One Billionaire

    Aston Martin to Sell Stake to Formula One Billionaire

    Aston Martin Lagonda Global Holdings secured a 500-million-pound (NZ$1.021 billion) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a minority stake to billionaire Lawrence Stroll . The deal agreed late last week gives the U.K. luxury carmaker much-needed breathing space as it looks to get back in track following a turbulent start to life as a public company...

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    1. This fund-raise brings down our leverage and substantially supports investment in new products.
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