Chinese automotive giant Zhejiang Geely Holding Group’s plan to build closer ties with Aston Martin Lagonda is the latest in a series of wins for by the luxury carmaker, whose shares have trebled in value over the past eight months. The outperformance of the Aston Martin-branded Formula One team, which unexpectedly stands in second place in the constructors’ rankings, has also given a welcome boost to the company’s brand. Geely, which first invested in Aston Martin via its £653mn capital raise in September last year, has just become the company’s third-biggest shareholder, behind chair Lawrence Stroll’s Yew Tree Consortium and Saudi Arabia’s Public Investment Fund.
Directors’ Deals: Aston Martin shares head east
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