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China's Geely looking to acquire Aston Martin

Chinese automotive company Geely are looking into the possibility of investing in Aston Martin.

Though the car company was acquired by Lawrence Stroll at the start of 2020, Aston Martin could have another serious stakeholder in the form of Chinese Automotive company Geely according to the Financial Times. The British car manufacturer announced last month that it was looking into the possibility of bringing new investors on board after conducting a review of its funding. The potential injection of capital might be a shot in the arm for the struggling car company as profits were predicted to be halved in 2020 due to the struggling European markets. The financial boost could also help the F1 team as team owner Stroll looks to further interlope both the F1 operation and road car manufacturing division. Apart from a potential stake in Aston Martin, Geely also owns the Volvo Group, Lotus Cars and a large stake in Daimler, who themselves own a 20 percent stake in the Aston Martin brand.

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