Aston Martin Lagonda Global Holdings secured a 500-million-pound (NZ$1.021 billion) lifeline to restore the balance sheet and help build a new sport-utility vehicle after agreeing to sell a minority stake to billionaire Lawrence Stroll. READ MORE:* Aston Martin officially unleashes hell* Bond's car maker Aston Martin needs a 'Big Brother' to survive autonomous wave* Aston Martin confirms electric RapidE* Aston Martin lines up the VsThe Canadian investor will become executive chairman, according to a statement. SUPPLIED Aston Martin has high hopes the recently revealed DBX SUV will see a big increase in sales. Chou is also part of Stroll's Aston Martin consortium. At the time of its IPO, Aston Martin was pitched as a peer to Ferrari NV, the Italian supercar maker.

Source: Stuff February 02, 2020 19:41 UTC