Carmaker Aston Martin says China’s Geely doubles stake

ASTON Martin Lagonda revealed today that Chinese automotive giant Geely has more than doubled its stake to become the British luxury carmaker’s third largest investor.

Aston said in a statement that Geely will invest £234 million (RM1.32 billion) under a new partnership lifting its holding to 17%, up from a 7.6% stake it bought in September.