Geely is a brand that is no stranger to the automotive arena. They are willing to invest in a number of automotive companies, including Proton in Malaysia. Recently, today Geely also increased their stake in the luxury car manufacturer, Aston Martin.
Geely announced it will invest 234 million pounds in Aston Martin, making them the third largest shareholder in Aston Martin. This investment allows Geely to have a 17% stake in the company.
This investment is expected to help Aston Martin's operations, including reducing the company's debt ratio. In addition to Aston Martin and Proton, Geely also has a stake in Volvo, Zeekr and even Lotus. For information, Aston Martin has also been present with JDT limited edition cars before.
Tags
BUSINESS & MONEY