Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin

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Billionaire Lawrence Stroll takes stake in ailing carmaker Aston Martin
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Canadian billionaire Lawrence Stroll will take an up to 20% stake in Aston Marti...

LONDON - Canadian billionaire Lawrence Stroll will take an up to 20% stake in Aston Martin for nearly 200 million pounds as the ailing carmaker raises funds after a sales drop put pressure on its finances.

Famed for being fictional secret agent James Bond’s car of choice, the 107-year old company’s share price has plummeted since floating in October 2018 and it has come late to the lucrative sport utility vehicle market which boosted rivals.

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