for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

Aston Martin expands deal with Mercedes-Benz in exchange for stake

Oct 27 (Reuters) - Aston Martin on Tuesday expanded a deal with Mercedes-Benz AG to access the German automaker’s technology in exchange for new shares, while reporting third-quarter revenue that nearly halved.

The company, which has arranged a new financing package consisting of new shares and notes, said the new shares issued would increase Mercedes-Benz’s stake to no more than 20%. (Reporting by Yadarisa Shabong in Bengaluru; Editing by Arun Koyyur)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up