LONDON – Carmaker Aston Martin is seeing “phenomenal” demand, boosted by a rebound in China, the company’s executive chairman and billionaire investor Lawrence Stroll said on Friday.
“Demand at this time is phenomenal,” he told the Financial Times‘ “The way forward for the Car” digital conference. “China really returned first and strongest, and it is gangbusters.”
Stroll led a consortium which invested in Aston captured as the carmaker struggled following its 2021 stock market flotation, then its share price slumped.
Since then a new leader has had over and also the 107-year company, famed for being fictional agent James Bond’s car of choice, did a deal in October which sees German carmaker Daimler up its stake within the firm.
Shareholders approved the latest capital injection intend on Friday.
Stroll said Aston’s current growth trajectory meant “the general public markets are the best place” for that firm whilst eying a rise in the value of its shares, which stand at 79 pence ($1.06).
“They’ll be significantly more vital than they are today,” he explained.
Reporting by Costas Pitas, editing by David Milliken and Louise Heavens
