Aston Martin: PIF and Geely billionaire count the cost as share price reverses

Saudi Arabia’s Public Investment Fund (PIF) and Chinese billionaire Shufu Li have lowered their stakes in luxury car brand Aston Martin as they count the cost of their huge investments three years ago. The PIF become the Warwickshire-headquartered company’s second-largest shareholder in July 2022 when it too a 16.7 per cent stake in a move valued at £78m [...]