Saudi Arabia joins Aston Martin – Economy

Gaydon/Riyadh – The British sports car manufacturer Aston Martin wants to pay off its high mountain of debt with the help of money from Saudi Arabia. The Saudi sovereign wealth fund is to become the second-largest shareholder with a stake of around 17 percent in Aston Martin through a capital increase, as the carmaker known from the “James Bond” films said on Friday. After the capital increase, co-owner Mercedes-Benz would have a stake of around 9.7 percent. The Canadian Lawrence Stroll currently holds the largest share with 22 percent.

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