Canadian billionaire and Formula One team Racing Point owner Lawrence Stroll reportedly may bid to buy a major stake in luxury sports car manufacturer Aston Martin.
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Stroll, an investor and car collector with what some believe to be the most valuable collection of classic Ferraris in the world, could lead a consortium to purchase a stake in the company while its stock value is low, according to a joint report from Autocar magazine and RaceFans.net.
Aston Martin's current majority stakeholder, Strategic European Investment Group, holds about a third of the company.
The luxury carmaker, which has had its cars featured in several James Bond films -- including the latest "James Bond 007: No Time to Die," set to premiere in April 2020 -- issued a profit warning in 2018 as global demand for its products slowed. It reported losses of nearly $89 million in the first six months of 2019, the report notes.
Ferrari, Bentley, Lamborghini, Maserati, Porsche and Rolls Royce have also recently launched new SUV models.