Billionaire Lawrence Stroll Takes Advantage Of Downturn To Increase Share In Aston Martin

In January, an investment group by the name of Yew Tree led by fashion billionaire Lawrence Stroll rescued Aston Martin  from its latest financial perils with a $657-million parachute, in the process assuming 16.7 percent ownership of the automaker. Since then, panic over the worsening COVID-19 pandemic has sent stock prices—Aston's included—tumbling, allowing Yew Tree to strategically increase its share of ownership in the company to 25 percent.
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CANADIANCOMMENTS - 3/16/2020 6:28:45 PM

+4 Boost

Considering their client type, you would think they would just call up and order and let the dealer deliver it when it arrives. Virus or no virus.

MDarringer - 3/16/2020 6:58:44 PM

-2 Boost

I really fail to see the allure of Aston Martin. They have absolutely lost their way when it comes to product.

carloslassiter - 3/16/2020 9:39:29 PM

+3 Boost

Two words for you: James Bond.

MDarringer - 3/16/2020 10:40:06 PM

-1 Boost

Astons ceased to have that clout years ago when they shifted from gentlemen's cruisers to near-do-well wannabe sports cars.

mini22 - 3/18/2020 7:12:17 PM

+1 Boost

The DB11 is still a Gentleman's cruiser. Even the Super Leggera in many respects. The Vantage is really the only current car in their fleet that breaks that formula. The mid engine stuff that's coming will also be breaking the mold but how many of those will actually be bought? If anything I see Aston as potentially expanding their client base with the Valkerie and the soon to be out DBX SUV.(Which will probably save them in the long run).