Aston Martin CEO Says Shareholders In It For The Long-Term, Not Soliciting Participation

Aston Martin's Formula One team Racing Point, is preparing a bid for a major stake.

View Photos
Aston Martin's Formula One team Racing Point, is preparing a bid for a major stake.

Aston Martin's two major shareholders are in it for the long term and the company is not actively soliciting participation, the firm's boss said on Friday after a media report said Lawrence Stroll, owner of Formula One team Racing Point, is preparing a bid for a major stake.

"They look to the long term," Andy Palmer said of the company's biggest owners. "We're certainly not actively soliciting any other participation. That's not to say it doesn't come," he said.

Aston Martin

Aston Martin Cars

Asked about Thursday's report in Autocar magazine, Palmer said: "You know what we would have to do if there was an official approach. Beyond that, I can't comment," he said.

0 Comments

Publicly-listed companies are subject to specific disclosure rules.



(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

For the latest auto news and reviews, follow CarandBike on Twitter, Facebook, and subscribe to our YouTube channel.

Compare Aston Martin DB11 with Immediate Rivals

Be the first one to comment
Thanks for the comments.