Lawrence Stroll buys more Aston Martin shares after Coronavirus crash
F1 News
Lawrence Stroll has made the most of the Coronavirus stock market crash and has taken the opportunity to buy more Aston Martin shares taking his overall stake up to 25%.
Stroll made a £182m investment at the end of January for 16.7% of the company but has now injected more cash into the company to take his stake up to 25%.
“There has been a significant change in the global market environment in which Aston Martin Lagonda operates,” said Stroll to Insider Media.
“What has not changed is our commitment to provide the company with the necessary funding it needs to manage through this period, to reset the business and to deliver on its long-term potential.”
Aston Martin chief executive Andy Palmer added, “We are actively managing the potential impacts of COVID-19 on a daily basis, most particularly in our tier two supply chain, with no disruption to production to date and are mindful of the ongoing uncertainties and risks to the business.”
It is a difficult time for the company and they will hope to get past this difficult period and push on for success with Racing Point next season.