Aston Martin plans to raise $270M to cut debt amid EV shift

Aston Martin EV sketch — Aston Martin is launching four new full-electric cars. A sketch released by the company hints that the first will be a coupe-styled SUV. (ASTON MARTIN)

By:

Bloomberg

August 01, 2023 07:45 AM

Aston Martin plans to raise £210 million ($270 million) by selling new shares as the British luxury-car maker looks to pay back high-interest debt and raise funds for its electrification strategy.

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