Suitors Seen Circling Aston Martin After Recent Profit Warning
- Reports on China’s CATL, Geely mulling stakes in U.K. carmaker
- Company has issued a profit warning after a tough 12 months
Photographer: Christopher Furlong/Getty Images
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Aston Martin Lagonda Global Holdings Plc, the British maker of fast cars, is reportedly holding more talks with potential investors as it comes under growing financial pressure.
China’s Contemporary Amperex Technology Co. is mulling a stake in the ailing company, Sky News said on Saturday without disclosing the source of the information. Aston Martin’s shares rose as much as 20% during Friday trading as the Financial Times reported talks with Zhejiang Geely Holding Group Co. citing unidentified sources.