Sept 29 Reuters Aston Martin on Friday said Chairman Lawrence Stroll39;s Yew Tree Consortium had further increased its stake in the British luxury carmaker by 3.27 to 26.23.

Yew Tree, which bought an additional 26 million ordinary shares of the company, was already its largest stakeholder, followed by Saudi Arabia39;s Public Investment Fund PIF and Chinese automotive firm Geely.

Fictional character James Bond39;s car brand of choice has had a tough time since floating in 2018. Stroll took over as chairman of the company in 2020.

The company has been more upbeat about its outlook more recently and plans to bolster cash and margins by rolling out nextgeneration sports cars and limited editions in the second half of 2023.

Reporting by Eva Mathews in Bengaluru; Editing by Nivedita Bhattacharjee

Source Reuters