Aston Martin gets $162 million funding boost to counter losses, Trump tariffs

By Shashwat Awasthi

Aston Martin will raise more than 125 million pounds ($161.9 million) through funding from its chairman and the sale of its stake in his Formula One team as it battles ballooning losses and tariffs imposed by U.S. President Donald Trump.

Shares of the company famous for being fictional secret agent James Bond’s car of choice had surged 11.8% to 72.95 pence by 0930 GMT on Monday.

The equity raise is Aston Martin’s seventh since the arrival in 2020 of Chairman Lawrence Stroll, who has pumped around 600 million pounds into the luxury carmaker.

Delivery delays and depressed demand in China have plagued the company in recent years, forcing it to cut 5% of its workforce last month.

Stroll’s Yew Tree Consortium will invest a further 52.5 million pounds by purchasing 75 million shares at 70 pence per share. His stake will rise to about 33% from 27.7%, with the possibility of