Tuesday, May 30, 2023

Aston Martin shareholders approve 125-mln-pound capital injection By Reuters


© Reuters. FILE PHOTO: Aston Martin DBX, the company’s first sport utility vehicle, is displayed at its global launch ceremony in Beijing

(Reuters) – 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 (OTC:) unit Mercedes being given shares in exchange for expanding an existing supply deal, but did not involve any cash from the German automaker.

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