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Chinese carmaker Geely takes 8% stake in Aston Martin

Group seeks ‘collaboration’ with UK luxury brand it has long sought to acquire

Geely has taken a stake of almost 8 per cent in Aston Martin, building a holding in the luxury carmaker long sought by the Chinese auto group.

The company, which owns carmakers including Lotus and Volvo, bought into Aston during the recent £654mn rights issue, and will now try to collaborate with the UK group on some technologies.

The stakebuilding comes after several rebuffed attempts by Geely to buy into Aston in recent years, most recently over the summer.

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