The Financial Times newspaper reported over the weekend that Palmer would step down, before he had been informed. A source familiar with the situation had also confirmed to Reuters the planned move. “The board has determined that now is the time for new leadership to deliver our plans,” Lawrence Stroll, Aston Martin Lagonda’s executive chairman said. Germany’s Daimler AG (DAIGn.DE) owns a 5% stake in Aston Martin and supplies the carmaker with Mercedes-AMG engines. Aston Martin, famed for being fictional secret agent James Bond’s car of choice, has seen its share price plummet since floating in October 2018.

Source: Dhaka Tribune May 26, 2020 11:37 UTC