Aston Martin in talks with Geely after profit warning - report

Aston Martin is reportedly talking to two potential investors as it attempts to sure up its finances. Last week, the luxury sports car maker issued a profit warning as it expects its 2019 earnings to be between £130 million ($248 million) and £140 million ($267 million), a fall of at least 43 per cent from 2018. Sources have told Bloomberg Chinese automaker Geely is holding talks about acquiring a stake and adding capital, although it's not clear how much money Geely is looking to invest.

Comments

Popular posts from this blog

JLR: Consumer confidence on the rise post-election

Teacher accused of using rented Toyota Supra for land-speed record attempt

Honda confirms NSX successor in the works

Donald Trump’s Lamborghini Diablo sets new auction price record

How many cupholders are too many? | Drive Flashback

New Norweld tray revealed for popular utes

Tesla cars to be banned from Chinese government buildings amid security fears — report

Which country has the most electric cars in the world?

Europe’s vehicle emissions haven’t changed in more than a decade, say officials

2024 Toyota LandCruiser 70 Series facelift spy photo