Geely in talks to pump cash into Aston Martin

The Chinese company is conducting due diligence as it looks at taking a stake in the UK group, which is in need of fresh finances, said four people familiar with the discussions. The talks may lead to a technology partnership rather than a full investment, one of the people said.

Germany’s Daimler, in which Geely owns 10 per cent, already sells some technology and engines to Aston.

Geely, which owns Britain’s Lotus and Sweden’s Volvo as well as a stake in Daimler, is one of several groups in discussions about investing in the business.


Leave a Reply

Please Login to comment
2 Comment threads
0 Thread replies
Most reacted comment
Hottest comment thread
1 Comment authors
TURBOII030 Recent comment authors
Notify of