China's Geely said to be eyeing larger stake in Aston Martin

China's Geely said to be eyeing larger stake in Aston Martin

FILE PHOTO: Aston Martin badge and logo are pictured at the company's world headquarters in Gaydon, Britain, February 14, 2019. Picture taken February 14, 2019. To match Insight BRITAIN-EU/AUTOS REUTERS/Andrew Yates

Zhejiang Geely Holding Group Chairman Li Shufu is considering raising the company’s stake in British luxury carmaker Aston Martin to up to 10%, Bloomberg News reported on Wednesday, citing people familiar with the matter.