Geely acquires stake in Aston Martin

Zhejiang Geely Holding Group, China's largest private carmaker, said on Friday that it has acquired a 7.6 percent stake in British luxury carmaker Aston Martin.

“We look forward to exploring potential opportunities to engage and collaborate with Aston Martin as it continues to execute its strategy to achieve long-term, sustainable growth and increased profitability”

 said Li Donghui, CEO of the Chinese automaker.