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September 29, 2023 08:12 AM

Aston Martin Chairman Stroll's Yew Tree increases stake in automaker

Chairman Lawrence Stroll's Yew Tree Consortium is Aston Martin’s biggest share holder.

Reuters
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    Aston Martin new logo 22

    Aston Martin said Chairman Lawrence Stroll's Yew Tree Consortium had further increased its stake in the British luxury automaker by 3.27 percent to 26.23 percent.

    Yew Tree, which bought an additional 26 million ordinary shares of the company, was already its largest stakeholder, followed by Saudi Arabia's Public Investment Fund (PIF) and Chinese automotive firm Geely.

    Aston Martin has had a tough time since floating in 2018. Stroll took over as chairman of the company in 2020.

    The company has been more upbeat about its outlook more recently and plans to bolster cash and margins by rolling out next-generation sports cars and limited editions in the second half of 2023.

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        • Capgemini: All or nothing: Why circular business models require a holistic approach
        • Capgemini: Invent Head on automotive takeaways from CES 2023
        • Capgemini: Securing the industry's future through a radical rethink
        • Capgemini: Succeeding with the automated driving journey through AI
        • Capgemini: The circular economy is spurring new thinking on EV batteries
        • Capgemini: Toyota and Capgemini leaders on how OEMs can handle industry changes and succeed
        • HEXAGON: Plugging into data is the only way to make winning EVs
        • PUBLICIS SAPIENT: The power of post-purchase: How automakers can maximize customer lifetime value
        • TOYOTA EUROPE: Toyota Motor Europe's next-gen C-HR: sensory innovations revealed by Vehicle UX leader
        • TUV Rheinland: Ideas, services and certifications for smart mobility
        • TUV Rheinland: Testing of automated and autonomous vehicles on test tracks
        • Toyota Europe
        • UFI Filters
        • Capgemini and Renault Group: Leaders on unlocking automotive sustainability with circular economy strategies and EV battery solutions
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