(Reuters) – Canadian billionaire Lawrence Stroll will take a stake of up to 20% in luxury carmaker Aston Martin Lagonda Global Holdings, as the ailing British firm raises funds after a sales decline put pressure on its finances.
FILE PHOTO: An Aston Martin DB5 is seen during a car chase on the set of the new James Bond movie ‘No Time to Die’ in Matera, Italy August 28, 2019 in this still image obtained from a social media video. Fabio Dell’Aquila via REUTERS
Here is a brief look at the history of the carmaker going back over 100 years which has seen fictional agent James Bond’s favorite carmaker go bankrupt seven times.
Lagonda was founded by Anglo-American engineer Wilbur Gunn in a greenhouse in his home in southern England.
Aston Martin was founded by Lionel Martin and Robert Bamford in a small London workshop.
English industrialist David Brown takes the helm of Aston Martin after its struggles in the previous decades and the company buys Lagonda. Aston Martin also launches the DB2 model.
The Aston Martin brand was boosted by its star turn in the James Bond film “Goldfinger”, with Sean Connery swapping his Bentley for a gadget-laden DB5.
Ford Motor fully acquires Aston Martin after having built a stake.
Ford sells here Aston Martin to a group including former motor racing boss David Richards and Kuwait’s Investment Dar and Adeem Investment.
Italian private equity fund Investindustrial buys here 37.5% of Aston Martin from Investment Dar.
Daimler takes up to 5% stake here in Aston Martin in exchange for supplying engines and electronic components.
Andy Palmer joins here as CEO from Nissan Motor. The British firm had spent most of the year without a top boss.
Aston Martin scales back here production plans for its first electric model after cash-strapped Chinese investment partner LeEco pulls out of the project.
Makes first annual pretax profit here since 2010.
Aston Martin unveils here concept for a futuristic hybrid-electric personal aircraft.
Aston Martin makes its stock market debut reut.rs/2N8gjKq in London, with shares priced at 19 pounds.
Posts better-than-expected first-quarter revenue as it sold more vehicles in the Americas and China.
Aston Martin slumps to a half-year loss.
Aston Launches its DBX SUV model, hoping that more female buyers will help boost sales.
Aston Martin opens here a new factory in Wales, the carmaker’s second plant in history.
Aston Martin said it is in early stage talks with potential investors about building “longer term relationships”.
Aston Martin warned its 2019 profits would almost halve due to weak European markets.
Source: Reuters stories, Company website
Compiled by Pushkala Aripaka and Indranil Sarkar in Bengaluru; Editing by Keith Weir