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Monday, 13 January 2020

GEELY LOOKING TO BOND WITH ASTON MARTIN


Chinese automaker Zhejiang Geely Automobile Holdings (Geely) is in talks to acquire a stake in struggling UK sports car manufacturer Aston Martin Lagonda Global Holdings, according to reports citing sources close to the company.

The Financial Times suggested Geely was in talks with the management of Aston Martin and other investors over the acquisition of a stake and the Chinese automaker is currently conducting due diligence on the 107 yea -old icon.

Last month, Aston Martin confirmed it was in early stage talks with potential investors as it looked to raise funds following a disappointing financial performance in 2019 - Link

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