British manufacturer of luxury sports cars Aston Martin has officially confirmed the change of the head. On the eve it was reported by The Financial Times. Current CEO Andy Palmer left his post on Monday. August 1, the Director General of the British manufacturer will be Tobias Moers, who now heads Mercedes-AMG.Andy Palmer led the British manufacturer in 2014. Occupying this position, he promised to decisively change the life of a company, which in its 100-year-old by the time the story had gone bankrupt seven times. However, the proposed Mr Palmer’s Grand plan “of the second century,” with the release of seven new models in the next seven years and offering on the stock exchange changed little. After placing the company on the stock exchange in October, 2018 the shares of Aston Martin fallen steadily and has now lost 98% of the offering price. Market value of the manufacturer has decreased from 4 billion to 540 million In January of the current year on the background of the protracted problems the company turned to investors for emergency financial assistance. A consortium headed by canadian billionaire Lawrence Strollo, co-owner of the team “Formula 1” Racing Point, and now Executive Chairman of Aston Martin, has pledged to invest 182 million (55.5 million of them at once) in exchange for a share of 16.7%. In March, on the background of the situation with falling sales due to the coronavirus, the company once again turned to Lawrence for help Strollo of $ 20 million under the terms of the new deal, the consortium receives 25% of Aston Martin. In total investors, including investment consortium Lawrence Stroll, has pledged to invest in Aston Martin 536 million After the announcement of the change of the General Director of Aston Martin shares have soared by 27%.Alena Miklashevskaya
