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Aston Martin denies plans to change ownership after massive losses

Aston Martin Parent company Aston Martin Lagonda has denied that Saudi Arabia’s Public Investment Fund (PIF) – its largest shareholder – wants to increase its shareholding and delist the company from the London Stock Exchange (LSE).

A report from November 14th in Financial Times However, AML’s executive chairman Lawrence Stroll has begun negotiations with PIF to increase its current 19.5 percent stake, the automaker said PlanetF1.com: “Aston Martin is not in discussions with PIF about privatization.”

Mr Stroll holds the second largest stake in AML with a 16 per cent stake, ahead of other high-profile stakeholders including Geely Chairman Shu Fu Li (14.9 percent), Swiss investor Ernesto Bertarelli (13.8 percent) and Mercedes Benz (7.5 percent).

As reported by PlanetF1.com (Aston Martin fields a team in Formula 1) AML listed on the LSE in 2018 but has since lost more than 98 percent of its value.

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In October, the company reported a wider-than-expected pre-tax loss of £106.9 million (AU$216.2 million) for the July-September quarter.

Following the loss, the company announced it would cut development spending on new models by £300 million over the next five years.

In February 2025, Aston Martin’s newly installed CEO, Adrian Hallmark, declared his goal of making the iconic brand sustainably profitable by 2029, defying the brand’s long history of loss-making vehicles.

“Being the first man in 112 years to make Aston Martin sustainably profitable – when I believe there is a way to do it – was irresistible,” Mr Hallmark said Automotive News.

“If it doesn’t work, nothing is lost. If it works, we’ve done it.”