Geely Reportedly In Talks With Aston Martin For Possible Investment

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Thread: Geely Reportedly In Talks With Aston Martin For Possible Investment

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    Geely Reportedly In Talks With Aston Martin For Possible Investment

    Geely Reportedly In Talks With Aston Martin For Possible Investment
    BY MICHAEL KARKAFIRIS
    JANUARY 10, 2020
    carscoops.com

    Aston Martin is currently in talks with potential investors following the issue of a worrying drop in profits and apparently one of those investors is China’s Geely.

    According to the Financial Times, Geely is interested in acquiring a stake into the British car maker and has already been in touch with Aston’s management and investors.

    Aston Martin recently announced that their profit for 2019 is expected to be almost half of that achieved the year before, mostly due to the weak European market.

    The British car maker expects that the new DBX SUV will help steer the company back on the right track, with Aston Martin saying that it has already received 1,800 orders for it, a “significantly better” number than any other previous models.

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    GMI Staff Member Premium Member nadepalma's Avatar
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    Re: Geely Reportedly In Talks With Aston Martin For Possible Investment

    Geely's interest in AML has been rumored for awhile.

    After Geely's successful handling of Volvo, and their upcoming plans to operate Lotus, one could viably see AML fitting neatly into a resurrected "Premier Auto Group" at Geely. Not only would it reunite Volvo and AML under one roof (as Ford had done) but pair a more natural partner for Lotus to co-develop performance-SUVs and offerings with in Aston.

    Stranger things have happened.
    "La vita è come un albero di Natale..c'è sempre qualcuno che ti rompe le palle!"

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