Aston Martin shareholders approve 125-mln-pound capital injection
- 4th December 2020
- Posted by: Hakeem
- Category: Business plans
Aston Martin said on Friday its shareholders approved the luxury car maker’s plans to inject 125 million pounds in new capital, in an effort to turnaround its loss-making business.
The capital raising plan proposed by the company, popular for being James Bond’s carmaker of choice, included Daimler unit Mercedes being given shares in exchange for expanding an existing supply deal, but did not involve any cash from the German automaker.