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Aston Martin's £50M Lifeline: Stroll-Led Consortium Bolsters Struggling Luxury Car Maker

Financial Times Companies •
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Aston Martin secured a critical £50 million cash infusion from a consortium led by its chair Lawrence Stroll, Geely, and Saudi Arabia's PIF as the luxury automaker endures a fifth straight quarter of losses. The funding aims to stabilize its balance sheet amid persistent cash flow challenges, with adjusted losses narrowing to £56.9 million in Q1—below analyst forecasts of £63.7 million—but net debt surged to £1.5 billion. The move follows last year's £52.5 million share sale to Stroll's group, which now holds 33% of the company.

Free cash flow improved to £117 million after selling Formula 1 naming rights to AMR GP Holdings, a Stroll-controlled entity. Despite modest financial progress, CEO Adrian Hallmark warned of ongoing geopolitical risks and workforce reductions, cutting up to 20% of global staff in February.