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Saudi Arabia’s sovereign wealth fund will become the second-largest shareholder of Aston Martin with a nearly 17 percent stake in a capital raise aimed at paying off debt and shoring up its business, the British luxury carmaker said on Friday. The company, faced with with high debt, a torrid stock fall and a struggling Formula One team, said it planned to raise £653 million ....
Aston Martin makes beautiful cars. But it has a chequered history and continues to lurch from disaster to disaster. That’s why I wouldn’t buy Aston Martin shares, says Rupert Hargreaves. ....