Mercedes-Benz will continue holding a stake in Aston Martin through an investment fund.
Aston Martin said today it was looking to raise £653 million pounds through a right issue to shareholders, bringing in Saudi Arabia’s sovereign wealth fund as its second-largest shareholder after the Lawrence Stroll controlled Yew Tree Consortium and Mercedes-Benz AG will together invest £335 million pounds but the German car giant will be able to reduce its share holding.
Passenger car registrations continued their downward trend in the European Union -15.4% as supply chain issues continue to limit vehicle output through June.
With 886,510 units registered, this is the lowest month of June on record in terms of volume since 1996 and all four major EU markets contributed to the fall. Germany posted the strongest decline (-18.1%), followed by Italy (-15.0%) and France (-14.2%). Spain on the other hand saw a more modest decline (-7.8%), while UK sales crashed 24.8% in June.
Your tyres are most likely to fail in summer months due to heat and harder use, says the tyre companies.
Before setting off on holiday get your tyes checked for pressure, crazing, bulges or severe wear which can lead to blow-outs and serious accidents.
