For car enthusiasts, the question of who owns luxury carmaker Aston Martin has been a topic of interest for years. The British automaker has a rich history dating back to 1913, and has produced some of the most iconic cars in the world. In this article, we’ll take a closer look at the current ownership of Aston Martin, as well as its recent history and future plans.
The Recent History of Aston Martin Ownership
In 2007, Aston Martin was purchased by a consortium led by Prodrive founder David Richards, Investment Dar and Adeem Investment. This was shortly followed by the acquisition of a 37.5% stake by Investment Dar, a Kuwaiti investment firm. However, the consortium struggled financially during the global financial crisis, and in 2012, Investment Dar sold its stake to a group of investors led by Italian private equity fund Investindustrial.
Investindustrial’s ownership of Aston Martin was relatively short-lived, however. In 2013, the company sold a 5% stake in the automaker to Daimler AG, the parent company of Mercedes-Benz. This partnership allowed Aston Martin to access Mercedes’ technology, including engines, electronics and other components. In 2018, Aston Martin went public on the London Stock Exchange, with Investindustrial retaining a 31% stake in the company.
The Current Ownership of Aston Martin
As of 2023, Aston Martin is majority-owned by Lawrence Stroll, a Canadian billionaire and racing enthusiast. Stroll acquired a 16.7% stake in the company in January 2020, and later increased his ownership to over 25%. In March of that year, Stroll led a consortium of investors that injected £536 million ($663 million) into Aston Martin, giving him a controlling stake in the company.
Stroll has big plans for Aston Martin’s future, including a return to Formula 1 racing and the production of electric vehicles. In addition, he has brought in Tobias Moers, formerly the CEO of Mercedes-AMG, as Aston Martin’s CEO. Moers has already overseen the launch of the DBX, the company’s first-ever SUV, and has promised to bring a “new era” to the automaker.
The Future of Aston Martin
Under Stroll’s ownership, Aston Martin is looking to expand its product lineup and reach new markets. The company has already announced plans to launch an electric version of the Rapide sedan, as well as a mid-engined supercar to rival the likes of the Ferrari 488 and McLaren 720S. In addition, Aston Martin is partnering with Mercedes-AMG to develop a new V8 engine, which will power the next-generation Vantage and DB11 models.
Stroll has also made it clear that he wants Aston Martin to return to Formula 1 racing. The company has a rich history in the sport, having won the championship in 1959 with driver Roy Salvadori and team owner David Brown. In 2021, Aston Martin will return to the sport as a works team, with four-time World Champion Sebastian Vettel as one of its drivers.
Overall, the future looks bright for Aston Martin under Lawrence Stroll’s ownership. With his financial backing and motorsports expertise, the company is poised to continue producing some of the most exciting and luxurious cars in the world.
Conclusion
In 2023, Aston Martin is majority-owned by Lawrence Stroll, a Canadian billionaire and racing enthusiast. Stroll has big plans for the company’s future, including a return to Formula 1 racing and the production of electric vehicles. With his financial backing and motorsports expertise, Aston Martin is poised to continue producing some of the most exciting and luxurious cars in the world.
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