Aston Martin Confirms What Many Suspected For Weeks

Today, however, it appears this is indeed happening. Not only has Aston Martin reportedly held talks with Stroll, but also with other automakers and potential investors from the Middle East, China, and India. Aston Martin’s shares are currently owned by former company chairman David Richards, Daimler AG, an Italian private-equity group, and several Kuwait-based investment groups. The remaining shares are publicly held.

Right now, the automaker’s market capitalization is worth only around $1.63 billion, thus making it a prime target for other investors. Previously, Aston Martin said it was not interested in partnerships, alliances, or mergers, but it may soon have little choice due to the challenges of vehicle electrification, new technology, and tighter profit margins.

Source: CarBuzz

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