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Aston Martin and Mercedes-Benz expand collaboration

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The company will place 250 million new shares with new and existing institutional investors at 50 pence a share, said the 107-year car maker that hired Tobias Moers, former CEO of Mercedes-AMG, to become its boss from August. The new shares issued would increase the size of Mercedes-Benz's stake to no more than 20% by 2023 from the current 2.6% in several stages. "We take another major step forward as our long-term partnership with Mercedes-Benz AG moves to another level with them b

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Aston Martin and Mercedes-Benz expand collaboration originally appeared on Autoblog on Tue, 27 Oct 2020 14:30:00 EDT. Please see our terms for use of feeds.

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