Aston Martin has joined Mercedes-Benz and Volvo as car companies that have Geely as a major shareholder.
Aston Martin has gained Geely as a new investor following the completion of a rights issue first announced in July, which is aimed at raising funds to pay down debts as well as fuel investment in future product.
The stake joins existing major stakes owned by Geely in Mercedes-Benz, Polestar, and Volvo. The Chinese auto giant also controls a range of privately owned automakers including Proton and Lotus.also part of the rights issue "I am delighted that we have successfully completed this transformational capital raise which significantly strengthens our financial position and enhances our pathway to becoming sustainably free cash flow positive,” Stroll said in a statement.
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