Canadian billionaire set to save Aston Martin

Lawrence Stroll, the Canadian billionaire who owns the Racing Point Formula 1 team, has emerged in pole position to buy a stake in Aston Martin, following reports that Geely's interest in the British car-maker has waned.

According to

As part of the deal Geely was said to have hoped to share technology with Aston and leverage its investment in Lotus by presumably sharing platforms, powertrains and know-how with the smaller sports cars.

Stroll, meanwhile, is said to be discussing an immediate cash injection to Aston of around £200 million ($A380m,) although the ailing car-maker is said to need twice that amount of cash to stay in business, according to some analysts.

Aston Martin has been both a victim of the uncertainty surrounding both Brexit and falling sales that have seen its share price nosedive 80 per cent since the company first went public back in 2018.

Aston Martin has chosen not to comment on any of its potential suitors, but says it already has 1800 orders for its first SUV, the Aston Martin DBX, which will goes into production at the car-maker’s new Welsh plant in the second quarter of this year before its global rollout in mid-2020.