General World News

Aston Martin’s electric-vehicle projects see major delays as the company gets a $240 million cash influx from billionaire Lawrence Stroll

Aston Martin Rapide e electric car charging

  • Canadian billionaire Lawrence Stroll is the newest investor in Aston Martin, with Reuters reporting that he dropped more than $240 million on a 16.7% stake in the company.
  • Aston has been struggling financially as of late, but its new DBX SUV could help ease that.
  • Stroll’s investment will come with some shakeups to Aston, including a change in its Formula One structure and, most notably, to its plans for electric vehicles.
  • In terms of EVs, Aston Martin will push the planned onset of its planned luxury EV brand, Lagonda, from 2022 to 2025, and the Rapide E electric model has read more >>>

    Source:: BusinessInsider.Com