Canadian billionaire Lawrence Stroll, owner of Formula 1 team Racing Point, is preparing a bid for a major stake in Aston Martin, Autocar magazine reported, sending the carmaker's battered share price up nearly 15% on Thursday. The British sports car maker's share price has slumped since its flotation in October last year. The shares launched at 19 pounds ($24.50) before dropping for months and languishing at around 5 pounds for weeks as sales have failed to meet expectations. Stroll, who is the father of Formula One driver Lance Stroll, is heading up a consortium looking to take a 'major shareholding' in Aston Martin, Autocar said on Thursday. Aston Martin declined to comment. Racing...
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