Chairman increases investment in high-end auto producer

Home > Industry Analysis > Content

【Summary】Aston Martin's chairman, Lawrence Stroll, has increased his stake in the luxury car manufacturer by 3.27%, bringing his total share capital to 26.23%. Stroll's investment demonstrates confidence in the future of Aston Martin after a major turnaround in recent years. The company has been transformed into an ultra-luxury brand with a portfolio of desirable, performance-driven cars.

FutureCar Staff Oct 01, 2023 6:23 AM PT

Chairman increases investment in high-end auto producer

Aston Martin's chairman Lawrence Stroll has recently increased his stake in the luxury car manufacturer by 3.27%. Through his investment vehicle, the Yew Tree Consortium, Stroll has purchased an additional 26 million shares, bringing his total share capital to 26.23%.

Prior to this increase, Stroll was already Aston Martin's largest shareholder, with other major shareholders including Saudi Arabia's Public Investment Fund, Geely, and Mercedes Benz.

Speaking on behalf of the Yew Tree Consortium, Lawrence Stroll expressed confidence and belief in the future of Aston Martin. He stated, "This additional investment demonstrates the Yew Tree Consortium's continuing commitment to the Company. Since our initial investment three years ago, Aston Martin has undergone a major turnaround, becoming an ultra-luxury brand with a portfolio of highly desirable, performance-driven cars. Our increased investment reflects our long-term conviction for the future and the shareholder value that the Company will deliver."